Fannie Mae

Fannie Mae
USA
Common term for the Federal National Mortgage Association. Fannie Mae was created by the federal government in 1938 to create a secondary market for mortgages by buying mortgages from lenders and was later converted into a publicly traded corporation. Fannie Mae and Freddie Mac buy mortgage loans from originators and then securitize (securitization) them to sell to investors as mortgage-backed securities (MBSs). They also earn profits for their shareholders by purchasing MBSs issued by other institutions.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.


Fannie Mae
Federal National Mortgage Association

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

Игры ⚽ Нужно решить контрольную?

Look at other dictionaries:

  • Fannie Mae — Rechtsform GSE ISIN US3135861090 Gründung 1938 …   Deutsch Wikipedia

  • Fannie Mae — Тип Публичная компания …   Википедия

  • Fannie Mae — Saltar a navegación, búsqueda La Federal National Mortgage Association (FNMA) (NYSE: FNM), que significa Asociación Federal Nacional Hipotecaria y es conocida como Fannie Mae, era una empresa de capital abierto, garantizada por el gobierno de los …   Wikipedia Español

  • Fannie Mae — 1948, from FNMA, acronym of Federal National Mortgage Association, established 1938 …   Etymology dictionary

  • Fannie Mae — (Federal National Mortgage Association) U.S. Government chartered corporation that purchases mortgages from lenders and reoffers them to investors as mortgage backed securities (ensures that banks have a constant supply of mortgage funds) …   English contemporary dictionary

  • Fannie Mae — ☆ Fannie Mae [mā′ ] n. informal name for Federal National Mortgage Association: a government sponsored corporation, formerly a federal agency, which purchases mortgages from lending institutions and issues mortgage backed certificates and long… …   English World dictionary

  • Fannie Mae — Infobox Company foundation = 1938 location city = Washington, D.C. company name = Federal National Mortgage Association (Fannie Mae) company company type = Government Sponsored Enterprise Public company key people = Herbert M. Allison, CEO… …   Wikipedia

  • Fannie Mae — 1. See Federal National Mortgage Association. 2. any of the publicly traded securities collateralized by a pool of mortgages backed by the Federal National Mortgage Association. Also, Fanny Mae. Cf. Freddie Mac, Ginnie Mae. [altered from FNMA,… …   Universalium

  • Fannie Mae — An informal name for the Federal National Mortgage Association ( FNMA) or for securities issued by it. American Banker Glossary ( Federal National Mortgage Association) A publicly owned, government sponsored corporation chartered in 1938 to… …   Financial and business terms

  • Fannie Mae — Federal National Mortgage Association Logo de Federal National Mortgage Association Création 1938 …   Wikipédia en Français

Share the article and excerpts

Direct link
… Do a right-click on the link above
and select “Copy Link”