Fannie Mae

or Fanny Mae

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noun

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

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Compare Freddie Mac, Ginnie Mae.

Origin of Fannie Mae

Altered from FNMA, the association's initials

Words nearby Fannie Mae

fan letter, fanlight, fan magazine, fan mail, Fannie, Fannie Mae, fanning mill, fanny, fanny adams, fanny pack, Fano

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2023

How to use Fannie Mae in a sentence

To qualify for this relief, the loan has to be federally owned or backed by federal agencies or entities such as Fannie Mae or Freddie Mac.
Covid forced more borrowers to be late on their mortgages than at any time since the Great Recession, CFPB reports|Michelle Singletary|May 7, 2021|Washington Post
Fannie Mae listed it for $210,000 before reducing it to $199,900, and Zillow says it’s worth up to $221,000.
The Climate Real Estate Bubble: Is the U.S. on the Verge of Another Financial Crisis?|Graphics by Emily Barone|April 19, 2021|Time
It was a “disrupter” program called Inroads that helped her get her first job working for Fannie Mae.
A Consumer Banking Rock Star Makes a Bold Bet|Nick Fouriezos|January 24, 2021|Ozy
She oversaw the slow and painful process of righting the ship, as Citi paid hundreds of millions of dollars to settle claims that it had sold faulty mortgages to Fannie Mae and Freddie Mac years earlier.
How Jane Fraser broke banking’s highest glass ceiling|Claire Zillman, reporter|October 19, 2020|Fortune

Freddie Mac and Fannie Mae are privately owned, but they have been financially backstopped by the federal government and are required to meet goals for lending on affordable housing.
The Kushners’ Freddie Mac Loan Wasn’t Just Massive. It Came With Unusually Good Terms, Too.|by Heather Vogell|October 1, 2020|ProPublica
As with AIG, the government essentially bailed out the financial system by bailing out Fannie Mae and Freddie Mac.
Remember the $182 Billion AIG Bailout? It Just Wasn’t Generous Enough|Daniel Gross|October 15, 2014|DAILY BEAST
Fannie Mae and Freddie Mac, which buy almost every mortgage originated in the U.S., are still functioning.
Government Shuts Down and Private Sector Feels the Pain, Too|Daniel Gross|October 4, 2013|DAILY BEAST
Fannie Mae in September paid a $10.2 billion dividend and Freddie Mac paid a $4.4 billion dividend.
Government Shuts Down and Private Sector Feels the Pain, Too|Daniel Gross|October 4, 2013|DAILY BEAST
In May, Fannie Mae said it would make a $59.2 billion payment to Treasury by the end of June.
Fannie Mae Just Made a $59.3B Payment—and It’s All Deficit Reduction|Daniel Gross|June 28, 2013|DAILY BEAST
Fannie Mae and Freddie Mac, the government-owned mortgage agencies, have been minting money and turning it over to Treasury.
Bombshell CBO Report Says Deficit Shrinking|Daniel Gross|May 15, 2013|DAILY BEAST

British Dictionary definitions for Fannie Mae

Fannie Mae

/ (ˈfænɪ meɪ) /

noun

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

Word Origin for Fannie Mae

C20: altered from the initials FNMA

Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012