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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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She settled in San Antonio in 2005 and was a past director of the Federal National Mortgage Association.

From Washington Post ● Sep. 13, 2018

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

Builders have pressed for years to expand HUD's Federal National Mortgage Association into a central bank trading in conventional as well as FHA and VA mortgages, to which it is now confined.

From Time Magazine Archive

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