Fannie Mae

American  

Or Fanny Mae

noun

1. Federal National Mortgage Association.

2. any of the publicly traded securities collateralized by a pool of mortgages backed by the Federal National Mortgage Association.

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Fannie Mae British  

/ ˈfænɪ meɪ /

noun

1. (in the US)an informal name for the Federal National Mortgage Association, a private company that buys and sells mortgage debt

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Etymology

Origin of Fannie Mae

Altered from FNMA, the association's initials

Compare meaning

How does fannie-mae compare to similar and commonly confused words? Explore the most common comparisons:

• Ginnie Mae vs. Fannie Mae

Example Sentences

Agency MBS are mortgage-backed securities issued by the likes of Fannie Mae.

From Barron's

And the White House, which oversees Fannie Mae and Freddie Mac — the two enterprises that back most U.S. mortgages — continues to push the idea of portable and assumable mortgages.

From Los Angeles Times

A 50-year mortgage and a proposal to order Fannie Mae and Freddie Mac to buy billions of dollars of mortgage bonds to push down borrowing costs have been floated.

From The Wall Street Journal

The main mortgage agencies, Fannie Mae and Freddie Mac, recently made additional purchases of $200 billion of mortgage-backed securities.

From Barron's

Previously, Nick covered the Treasury Department and U.S. housing and mortgage markets, including the government's response to the foreclosure crisis and its control of finance companies Fannie Mae and Freddie Mac.

From The Wall Street Journal