| 释义 |
Fannie Mae
Fan·nie Mae F0031950 (făn′ē mā′)n. One of two federally chartered corporations that buy and pool US mortgages and issue securities based on those pools.
[Alteration of F(ederal) N(ational) M(ortgage) A(ssociation).]Fannie Mae (ˈfænɪ meɪ) n(in the US) an informal name for the Federal National Mortgage Association: a private company that buys and sells mortgage debt [C20: altered from the initials FNMA]Fan•nie Mae (ˈfæn i ˈmeɪ)
n. 1. a congressionally chartered private corporation that supplies funds for home mortgages through continuous purchases of mortgages from lending institutions. 2. any of the publicly traded securities collateralized by a pool of mortgages backed by Fannie Mae. [1950–55; altered from the initials FNMA Federal National Mortgage Association, the former name] Thesaurus| Noun | 1. | Fannie Mae - a federally chartered corporation that purchases mortgagesFederal National Mortgage Association, FNMAcorp, corporation - a business firm whose articles of incorporation have been approved in some state |
Fannie Mae
Fannie Mae: see Federal National Mortgage AssociationFederal National Mortgage Association
(FMNA), commonly known as Fannie Mae,
government-sponsored enterprise that is the largest purchaser and guarantor of home mortgages in the country. Headquartered in Washington, D.C.
..... Click the link for more information. .Federal National Mortgage Association (Fannie Mae)The quasi-private corporation chartered by the US government that functions as a secondary mortgage market for private residences.LegalSeeFederal National Mortgage AssociationFannie Mae
Federal National Mortgage Association (Fannie Mae)A publicly owned, government-sponsored corporation chartered in 1938 to purchase mortgages from lenders and resell them to investors. Known by the nickname Fannie Mae, it packages mortgages backed by the Federal Housing Administration, but also sells some nongovernment-backed mortgages.Fannie MaeFederal National Mortgage Association (FNMA). A publicly-traded company chartered by the U.S. Congress to guarantee mortgages granted to low- or middle-income households. In order to do this, it buys mortgages and repackages them, selling them as mortgage-backed securities. It also maintains its own portfolio of mortgage-backed securities. With the collapse of the housing bubble, Fannie Mae was placed in federal receivership in 2008 as a result of overexposure to this market. See also: Freddie Mac, Community Reinvestment Act, Credit crunch.Fannie Mae1. A private, shareholder-owned company created by Congress in 1938 to bolster the housing industry during the depression. Fannie Mae facilitates homeownership by adding liquidity to the mortgage market when it purchases loans from lenders who use the funds received to make additional loans. Fannie Mae finances mortgage purchases by issuing its own bonds or by selling mortgages it already owns to financial institutions. The firm's common stock trades as FNM on the New York Stock Exchange. Formerly called Federal National Mortgage Association. See also quasi-public corporation.2. A security issued by this company that is backed by insured and conventional mortgages. Monthly returns to holders of Fannie Maes consist of interest and principal payments made by homeowners on their mortgages.Fannie Mae.Fannie Mae has a dual role in the US mortgage market. Specifically, the corporation buys mortgages that meet its standards from mortgage lenders around the country. It then packages those loans as debt securities, which it offers for sale, providing the investment marketplace with interest-paying bonds. The money Fannie Mae raises by selling these bonds pays for purchasing more mortgages. Lenders use the money they realize from selling mortgages to Fannie Mae to make additional loans, making it possible for more potential homeowners to borrow at affordable rates. Because lenders want to ensure their mortgage loans are eligible for purchase, most adopt Fannie Mae guidelines in evaluating mortgage applicants. Fannie Mae is described as a quasi-government agency because of its special relationship with the federal government. It's also a shareholder-owned corporation whose shares trade on the New York Stock Exchange (NYSE). Fannie MaeA popular name for Federal National Mortgage Association.Fannie MaeOne of two federal agencies that purchase home loans from lenders.The other is Freddie Mac. See Secondary Mortgage Markets/Fannie Mae and Freddie Mac. FANNIE MAE
| Acronym | Definition |
|---|
| FANNIE MAE➣Federal National Mortgage Association |
Fannie Mae
Related to Fannie Mae: Freddie MacSynonyms for Fannie Maenoun a federally chartered corporation that purchases mortgagesSynonyms- Federal National Mortgage Association
- FNMA
Related Words |