Fannie Mae

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.

Fannie Mae

/ 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

Word History and Origins

Origin of Fannie Mae¹

Altered from FNMA, the association's initials

Word History and Origins

Origin of Fannie Mae¹

C20: altered from the initials FNMA

Example Sentences

It is an unusual role for a director of the FHFA, which regulates Fannie Mae — the nation’s largest company by assets — and Freddie Mac.

From Los Angeles Times

The government also exercises effective control over Fannie Mae and Freddie Mac, two government-sponsored mortgage companies, via a conservatorship implemented in 2008, when the housing crash heralded the outset of the Great Recession.

From Los Angeles Times

If you are affected by a disaster, you may have the option to reduce or suspend your mortgage payments for up to 12 months, according to Fannie Mae, the Federal National Mortgage Assn.

From Los Angeles Times

In September of that year, US mortgage giants Fannie Mae and Freddie Mac were nationalised.

From BBC

Fannie Mae and Freddie Mac should participate in the mortgage market only as fully private entities, without any implicit government guarantees.

From Los Angeles Times