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Fannie Mae
noun
- any of the publicly traded securities collateralized by a pool of mortgages backed by the Federal National Mortgage Association.
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 History and Origins
Origin of Fannie Mae1
Word History and Origins
Origin of Fannie Mae1
Compare Meanings
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Example Sentences
Bob Simpson, a former executive at mortgage giant Fannie Mae, selected Johnson for an advisory board on a national nonprofit that aims to increase private capital for affordable housing.
Fannie Mae economists see an uptick in nominal wage growth this year, which should boost homebuyers’ ability to afford their first home in the longer term.
Homeowners affected by a disaster are often eligible to reduce or suspend their mortgage payments for up to 12 months, according to Fannie Mae, the Federal National Mortgage Assn.
To apply for a loan, undocumented applicants must meet requirements set by the Federal National Mortgage Assn., also known as Fannie Mae, which include having a taxpayer identification number or Social Security number.
In the ashes of the crisis, Fannie Mae launched a 2012 pilot program allowing investment funds to buy up swathes of homes that were sitting empty after foreclosures.
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