Fannie mae
name, slang
name, slang ·Moderate ·High school level
Definitions
Noun
- 1 a federally chartered corporation that purchases mortgages wordnet
Proper Noun
- 1 The Federal National Mortgage Association (FNMA), a stockholder-owned corporation sponsored by the US government, established in 1938 and partially privatized in 1968. informal
"The quarterly analysis looks at delinquency rates for five of the largest investor groups: FDIC-insured banks and thrifts, commercial mortgage-backed securities, life insurance companies, and Fannie Mae and Freddie Mac."
Example
More examples"The quarterly analysis looks at delinquency rates for five of the largest investor groups: FDIC-insured banks and thrifts, commercial mortgage-backed securities, life insurance companies, and Fannie Mae and Freddie Mac."
Etymology
From its initialism, FNMA.