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Federal National Mortgage Association

American  

noun

  1. a U.S. government-sponsored private corporation whose chief function is to supply funds for home mortgages through continuous purchases of mortgages from lending institutions. FNMA


Example Sentences

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In 1996, she became chairman of the Aspen Institute think tank and served on boards including Nordstrom, the Rand Corp. and the Federal National Mortgage Association.

From Washington Post Jan. 31, 2023

In 1994, he left the government and joined the Federal National Mortgage Association, better known as Fannie Mae.

From The New Yorker Nov. 6, 2016

The Federal National Mortgage Association, or “Fannie Mae”, was made private in 1968, and was joined by a twin, the Federal Home Loan Mortgage Corporation, “Freddie Mac”, in 1970.

From Economist Apr. 10, 2014

New Deal policy makers created Fannie Mae, originally called the Federal National Mortgage Association, to buy mortgages from local banks and mortgage companies and sell them to insurance companies and other investors.

From Salon Jun. 24, 2012

It intends to market to private bankers billions of dollars worth of "paper assets," notably Government-backed mortgages held by the Federal National Mortgage Association.

From Time Magazine Archive

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