Home > Terms > English, UK (UE) > Federal national mortgage association (FNMA)
Federal national mortgage association (FNMA)
Popularly known as "Fannie Mae", a privately owned corporation formed by the congress to support the secondary mortgage market. It purchases and sells residential mortgages insured by FHA or guaranteed by the VA, as well as conventional home mortgages.
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- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Real estate
- Category: General
- Company: Coldwell Banker
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