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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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The company, formally known as the Federal National Mortgage Association, appeared to be at a crossroads.

From Washington Post Oct. 18, 2020

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

He is Oakley Hunter, chosen by Richard Nixon as chairman of the Federal National Mortgage Association, known as Fannie Mae, the nation's largest provider of housing finance.

From Time Magazine Archive

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