Fannie Mae - Federal National Mortgage Association - FNMA
- Fannie Mae - Federal National Mortgage Association - FNMA
- A government-sponsored enterprise (GSE) that was created in 1938 to expand the flow of mortgage money by creating a secondary mortgage market. Fannie Mae is a publicly traded company which operates under a congressional charter that directs Fannie Mae to channel its efforts into increasing the availability and affordability of homeownership for low-, moderate- and middle-income Americans.
Fannie Mae purchases and guarantees mortgages that meet its funding criteria. Through this process it secures mortgages to form mortgage-backed securities (MBS). The market for Fannie Mae's MBS is extremely large and liquid. Pension funds, insurance companies and foreign governments are among the investors in Fannie Mae's MBS. In order to promote homeownership, Fannie Mae also holds a large portfolio of its own and other institution's MBSs, known as its retained portfolio. To fund this portfolio, Fannie Mae issues debt known in the market place as agency debt.
Fannie Mae's "little brother" is Freddie Mac. Together, Fannie Mae and Freddie Mac purchase or guarantee between 40 to 60% of all mortgages originated in the United States annually, depending upon market conditions and consumer trends.
Investment dictionary.
Academic.
2012.
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Federal National Mortgage Association — ( FNMA) A U.S. government sponsored enterprise. FNMA is a private corporation created by the U.S. government to facilitate financing for housing. Informally but widely known as Fannie Mae. American Banker Glossary ( Fannie Mae) A publicly owned,… … Financial and business terms
Federal National Mortgage Association — Fannie Mae Unternehmensform GSE ISIN … Deutsch Wikipedia
Federal National Mortgage Association — Logo de Federal National Mortgage Association Création 1938 … Wikipédia en Français
Federal National Mortgage Association — prop. n. A federally chartered corporation that purchases and resells mortgages. [acron.] Syn: FNMA, Fannie Mae. [WordNet 1.5] … The Collaborative International Dictionary of English
the Federal National Mortgage Association — UK US noun (ABBREVIATION the FNMA) GOVERNMENT, PROPERTY ► FANNIE MAE(Cf. ↑Fannie Mae) … Financial and business terms
Federal National Mortgage Association — FNMA A government sponsored privately owned company formed in the USA to trade in mortgages, guaranteed by the Federal Housing Finance Board (see Federal Home Loan Banks). It is the largest source of housing finance in the USA. FNMA is often… … Big dictionary of business and management
Federal National Mortgage Association — (FNMA) “ FANNIE MAE.” Originally a government agency (1938), this mortgage market intermediary buys federally insured mortgages from lenders, thereby releasing funds so that lenders can make more loans, and then packages the loans for resale to… … American business jargon
Federal National Mortgage Association — noun a federally chartered corporation that purchases mortgages • Syn: ↑Fannie Mae, ↑FNMA • Hypernyms: ↑corporation, ↑corp * * * a U.S. government sponsored private corporation whose chief function is to supply funds for home mortgages through… … Useful english dictionary
Federal National Mortgage Association — /ˌfed(ə)rəl ˌnæʃ(ə)nəl mɔ: ɪd əˌsəυsieɪʃ(ə)n/ noun a privately owned US organisation which regulates mortgages and helps offer mortgages backed by federal funds. Abbreviation FNMA. Also called Fannie Mae … Dictionary of banking and finance
Fannie Mae — An informal name for the Federal National Mortgage Association ( FNMA) or for securities issued by it. American Banker Glossary ( Federal National Mortgage Association) A publicly owned, government sponsored corporation chartered in 1938 to… … Financial and business terms
