The largest mortgage investor. A government-sponsored enterprise that buys mortgages from lenders, bundles them into investments and sells them on the secondary mortgage market. Formerly known as the Federal National Mortgage Association.
A quasi-governmental agency that purchases mortgages from banks, mortgage companies, savings and loan associations, etc. to distribute money for residential mortgages.
Formerly known as the Federal National Mortgage Association or FNMA, a government sponsored entity (i.e., a government-created, shareholder-owned, for- profit corporation) that purchases housing loans from private lenders in the "secondary market." ("Fannie Mae" was originally a nickname, but has now been adopted as the corporation's formal name.)
The Federal National Mortgage Association (FNMA). A government sponsored private corporation which purchase mortgages from lenders. See Freddie Mac (FHLMC).
An acronym for the Federal National Mortgage Association, a privately owned corporation that purchases loans from lenders with backing from the federal government.
Fannie Mae's Community Home Buyer's Program
Federal National Mortgage Association. A stockholder owned corporation, sponsored by the U.S. government, that provides funds to the mortgage market primarily by buying mortgages from mortgage originators. These are held in an investment portfolio or pooled for FNMA members. Purchases are financed by sale of corporate obligations to private investors.
A shareholder-owned US corporation that purchases mortgages from lenders. Fannie Mae raises funds to purchase mortgages by issuing stock or mortgage-backed securities backed by mortgage loans it holds.
The Federal National Mortgage Corporation (FNMA) is a publicly owned government-sponsored corporation that was established in 1938 to purchase government-backed and conventional mortgages. The objective of this organization is to increase the affordability of home mortgage funds for low, moderate, and middle-income home buyers. Fannie Mae is a shareholder-owned company that is traded on the New York Stock Exchange.
MP] One of two federal agencies that purchase home loans from lenders. The other is Freddie Mac.
Federal National Mortgage Association (FNMA). A private corporation that purchases first mortgages from commerical banks, savings and loans, and mortgage bankers.
This government-sponsored corporation is chartered by Congress and owned by stockholders. FNMA buys qualified mortgage loans from the financial institutions that originate them, securitizes the loans, and distributes the securities through the dealer community. Fannie Mae guarantees timely payment of both principal and interest on its mortgage securities, whether or not the payments have been collected from the borrower. The market value of these securities prior to maturity is not guaranteed and will fluctuate. These securities are not backed by the full faith and credit of the U.S. Government.
The Federal National Mortgage Association is a congressionally chartered, shareholderowned company. This organization is the nation's largest supplier of home mortgage funds.
Buys qualifying mortgages underwritten to its specific guidelines.
A company created by the U.S. government to buy home loans from mortgage companies, allowing more loans to be made.
The nation's largest mortgage investor created in ~ 968 by an amendment to Title Ill of the National Housing Act. This stockholder-owner corporation, a portion of whose board of directors is appointed by the President, supports the secondary market in mortgages on residential property with mortgage purchase and securitization programs.
A congressionally chartered corporation which buys mortgages on the secondary market from Banks, Savings & Loans, Etc; pools them and sells them as mortgage-backed securities to investors on the open market. Monthly principal and interest payments are guaranteed by FNMA but not by the U.S. Government.
Fannie Mae purchases home mortgages, thus serving as a source of funds for mortgage lenders. It is a privately owned corporation whose shares are traded on the New York Stock Exchange, but it is subject to the strict supervision of the secretary of the U.S. Department of Housing and Urban Development (HUD).
a federally chartered corporation that purchases mortgages
a private company that buys and sells mortgages; a government-sponsored entity that operates under the general oversight of the federal government
Federal National Mortgage Corporation popularly known as Fannie Mae. FNMA was established for the purpose of purchasing loans from primary lenders (mortgage companies). FNMA is a private corporation whose stock is traded on the New York Stock Exchange.
Fannie Mae is a private, shareholder-owned company whose stock is traded on the New York Stock Exchange (Symbol FNM). Fannie Mae is NOT part of the government. The company was created in 1938 with the responsibility of creating a secondary market for home mortgages and operated under direct federal control. It was privatized by legislation enacted in 1968 and became fully private in 1970.
Purchases loans from lenders and securitizes them, then sells FNMA-mortgage-backed securities to investors.
The nation's largest supplier of home mortgage funds. A congressionally chartered, shareholder-owned company
The largest source of home mortgage funds, Fannie Mae is publicly owned and chartered by Congress.
In February, 1938, the federal government established Fannie Mae to expand the flow of mortgage money by creating a secondary market. Fannie Mae is a private, shareholder-owned company that works to make sure mortgage money is available for people in communities all across America. Today, Fannie Mae operates under a congressional charter that directs their efforts to increase the availability and affordability of homeownership for low-, moderate-, and middle income Americans.
Fannie Mae's operates under a congressional charter that directs it to channel its efforts into increasing the availability and affordability of homeownership for low, moderate, and middle-income Americans. Fannie Mae receives no government funding or backing, and is one of the nation's largest taxpayers as well as one of the most consistently profitable corporations in America. Fannie Mae establishes strict guidelines for mortgage loans it is willing to purchase. As the largest buyer of mortgage loans in the US, these guidelines have become the industry standard for the majority of home loans. Any loan that meets these Fannie Mae guidelines is called a "conforming loan".
A private, shareholder-owned company created by Congress that purchases mortgages on the secondary mortgage market from primary lenders, and makes sure mortgage money is available to buyers wanting to purchase homes.
Fannie Mae (Federal National Mortgage Association/FNMA) A government sponsored agency and secondary market investor that purchases mortgage loans from mortgage companies and financial depository institutions. FNMA stock is publicly traded on the New York Stock Exchange.
The Federal National Mortgage Association. The association buys mortgages from lenders and sells them on the secondary mortgage market.
(FNMA)- Federal National Mortgage Association. A private corporation dealing in the purchase of first mortgages.
FNMA is one of the major secondary market investors that purchases loans from mortgage companies and other depository institutions. The company is a private corporation and its stock is traded on the New York Stock Exchange.
seeFederal National Mortgage Association.
Federal National Mortgage Association. Government-sponsored, publicly owned corporation that buys and sells FHA-insured and other agency-guaranteed or insured mortgages and some conventional mortgages.
The Federal National Mortgage Association, is a shareholder-owned company that is the nation's largest supplier of affordable home mortgage funds.
The Federal National Mortgage Association, which is a corporation created by Congress that purchases and sells conventional residential mortgages as well as those insured by FHA or guaranteed by VA. This institution, which is the nation's largest supplier of home mortgage funds, makes mortgage money more available and more affordable.
A New York stock exchange company. It is a public company that operates under a federal charter and is the nation's largest source of financing for home mortgages. Fannie Mae does not lend money directly to consumers, but instead works to ensure that mortgage funds are available and affordable, by purchasing mortgage loans from institutions that lend directly to consumers.
A privately-shareholder-owned corporation that is the nation's largest supplier of home loans.
Corporation created by Congress that buys and sells residential mortgages. Fannie Mae provides funds for one in seven mortgages.
The Federal National Mortgage Association a federally chartered enterprise owned by private stockholders that purchases residential mortgages and converts them into securities for sale to investors. Fannie Mae supplies funds that lenders may loan to potential homebuyers by purchasing mortgage loans.
See Federal National Mortgage Corporation.
Term commonly used in referring to the Federal National Mortgage Association.
Federal National Mortgage Association . . . one of the larges secondary-market investor in residential mortgages in the United States. Provides a constant and orderly market for banks to go to when they need to sell mortgages in order to keep their loan portfolios in balance with government-mandated liquidity ratios.
(FNMA) Federal National Mortgage Association is a taxpaying corporation created by Congress to support the secondary mortgage market. It purchases and sells both conventional and government home mortgages.
A congressionally chartered, shareholder-owned company that is the nation's largest supplier of home mortgage funds.
The Federal National Mortgage Association, a major national investor in home loans. A private corporation created by Congress to support the secondary mortgage market and increase the availability and affordability of home loans for low – , moderate – , and middle – income Americans. Also known as a Government Sponsored Enterprise (GSE).
Federal National Mortgage Association (also FNMA) is a private corporation, federally chartered to provide financial products and services that increase the availability and affordability of housing by purchasing mortgage loans.
The Federal National Mortgage Association. Established in 1938 by Congress, it is now a private company and is the largest investor in home loans. It does not lend money directly to homeowners, but instead buys loans on the secondary market, allowing lenders to free up funds to loan to new borrowers. Because it purchases so many mortgages, Fannie Mae underwriting guidelines are the standard used for conforming loans. This agency also sets the loan amount limits for conventional loans.
A quai-government company that is the nation's largest supplier of home mortgage funds. Fannie Mae does not lend directly to the public. Instead it provides liquidity to lenders by purchasing loans in their portfolio that conform to Fannie Mae's standards.
A lending institution will more often than not re-sell your loan to an investor in the "secondary" mortgage market rather than keep it in its portfolio. The Federal National Mortgage Association (FNMA or Fannie Mae) is a large financial institution that purchases mortgages from local "primary" lenders. Fannie Mae buys only loans that conform to its established standards. Many lenders will therefore match their qualifying standards to Fannie Mae guidelines. For example, to be " conforming" to Fannie Mae guidelines, a loan should not exceed $275,000 (as of November 1999), and buyers should not devote more than 28% of their gross income to their mortgage payments
(FNMA, Federal National Mortgage Association): A privately owned corporation created by Congress to support the secondary mortgage market. It purchases and sells residential mortgage insured by FHA or guaranteed by the VA as well as conventional home mortgages.
A privately owned corporation created by Congress that buys mortgage notes from local lenders and is responsible for the guidelines a majority of lenders use to qualify borrowers.
A private, shareholder-owned company that works to make sure mortgage money is available for people to purchase homes. Created by Congress in 1938, Fannie Mae is the nation's largest source of financing for home mortgages.
Fannie Mae ( FNMA: Federal National Mortgage Association) is a stockholder-owned corporation chartered by Congress to increase the supply of funds that mortgage lenders, such as commercial banks, mortgage bankers, savings institutions and credit unions, can make available to homebuyers and multifamily investors. See Freddie Mac for further information.
The acronym for the Federal National Mortgage Association, which buys mortgages on the secondary market, repackages them and sells off pieces to investors. The effect is to infuse the mortgage markets with fresh money.
See Federal National Mortgage Association.
Commonly used term for the Federal National Mortgage Association (FNMA).
Another name for the Federal National Mortgage Association, a federally sponsored agency which buys mortgages from banks, savings and loans, and other lending institutions. Agencies such as Fannie Mae are part of the secondary market. See Freddie Mac.
Federal National Mortgage Association. A corporation created by Congress to guarantee mortgages in the secondary market to allow banks to buy and sell mortgages.
The nationâ€(tm)s largest mortgage investor created in 1968 by an amendment to Title III of the National Housing Act. This stockholder-owner corporation, a portion of whose board of directors is appointed by the President of the United States, supports the secondary market in mortgages on residential property.
A private shareholder owned company that works to make mortgage money available for people in communities across the United States.
An agency established by the federal government, but owned by private stockholders, which issues mortgage-backed certificates in $25,000 denominations. Timely payment of both interest and principal are insured. A growing number of mutual funds emphasize investments in these and other mortgage-backed securities.
Fannie Mae is an agency chartered by the U.S. Congress and is the nation's largest supplier of home mortgage funds. In other words, it buys mortgages from lenders. This is known as the secondary market.
Formerly known as Federal National Mortgage Association, FNMA loans are conventional loans with AHFC at risk for loan losses.
Fannie Mae stands for the Federal National Mortgage Association, which is a congressionally chartered, shareholder-owned company. As the nation's largest supplier of home mortgage funds, Fannie Mae's community based lending program provides an income-based community lending model. Mortgage insurers and Fannie Mae offer flexible underwriting guidelines increase a low- or moderate-income family's buying power and to decrease the total amount of cash needed to purchase a home.
The Federal National Mortgage Association - A quasi-governmental corporation authorized to sell debentures in order to supplement private mortgage funds by buying and selling FHA (Federal Housing Administration) and VA (Veterans Affairs) loans at market prices.
The U.S.'s largest supplier of mortgages to home buyers and owners, a corporation established by Congress. The Federal National Mortgage Association (FNMA).
The Federal National Mortgage Association. It purchases, sells and guarantees conventional, VA or FHA mortgages.
Fannie Mae is a publicly-owned, government-sponsored corporation that purchases both government-backed and conventional mortgages from lenders on the secondary market. These mortgages are repackaged as securities and sold to investors.
Federal National Mortgage Association (FNMA), is a privately owned corporation created by Congress to buy mortgage notes from local lenders and provide guidelines for most lenders to use to qualify borrowers.
refers to the Federal National Mortgage Association, a federally chartered, publicly traded corporation that buys mortgage loans from primary lenders and mortgage bankers, then packages them for sale on the secondary market. It sets the standard for credit requirements and maximum loan sized in the industry. FHA Loans - are issued by FHA-approved lenders. The FHA insures its loans so borrowers can get them with only a three to five percent down payment, and some of the closing costs can be financed into the loan. Anyone can qualify for an FHA mortgage. All you need is a good credit rating, an ability to repay the loan, a 3-5 percent down payment, and the balance of closing costs and prepaid requirements. Maximum loans are set by the FHA on a county-by-county basis to allow for differences in area housing prices.
Federal National Mortgage Association. A private corporation dealing in the purchase of first mortgages, at a discount.
A tax-paying corporation, created by Congress to support the secondary mortgage market. It makes mortgage money more available. It buys and sells conventional residential mortgages, as well as VA-guaranteed and FHA-insured mortgages.
The Federal National Mortgage Association (FNMA) is a privately owned company that adds liquidity to the residential mortgage market by buying mortgages from the original lenders, such as banks, and selling securities representing interests in pools of those mortgages.
The name used to identify the Federal National Mortgage Association, which is a tax-paying corporation (created by Congress) who is one of the largest purchasers of conventional residential mortgages, as well as FHA insured and VA guaranteed mortgages. They set standards that conventional conforming mortgages must be underwritten by to be eligible for purchase by them in the secondary market. Their automated underwriting system is call Desktop Underwriting, or DU for short.
http://www.fanniemae.com Fannie Mae's mission, and defining goal, is to help more families achieve the American Dream of home ownership. Fannie Mae does this by providing financial products and services that make it possible for low-, moderate-, and middle-income families to buy homes of their own.
An acronym for "Federal National Mortgage Association" (FNMA). A publicly traded corporation whose primary function is to buy and sell FHA, VA and conventional mortgages (a secondary market).
A nickname for the Federal National Mortgage Association (FNMA). The program was originally established by the federal government, but is now a private corporation which purchases mortgage loans.
Federal National Mortgage Association, a government-sponsored enterprise which buys and securitizes mortgages for re-sale in the secondary market.
a private company that buys and sells mortgages; a government-sponsored business that is watched over by the federal government.
Federal National Mortgage Association. As with the Freddie Mac program, FNMA packages individual mortgages into loan packages attractive to investors. The sale of mortgage packages to investors makes more mortgage money available. As with Freddie Mac, earnings on Fannie Mae securities are fully taxable. See also Ginnie Mae (GNMA).
Federal National Mortgage Association; a federally sponsored secondary market agency that purchases loans made by mortgage lenders.
Quasi-governmental agency established to purchase any kind of mortgage loans in the secondary mortgage market from primary lenders.
The Federal National Mortgage Association, a government-sponsored but privately owned entity that converts mortgages bought from lenders into securities which are bought by investors. As such, it represents the chief secondary market for mortgages.
This agency buys and sells residential loans that are underwritten to its specific guidelines.
Nickname for Federal National Mortgage Association (FNMA), a tax paying corporation created by Congress to support the secondary mortgages insured by FHA or guaranteed by VA, as well as conventional home mortgages.
An acronym for the Federal National Mortgage Association. Fannie Mae purchases mortgage loans originated by local lenders and sets guidelines that lenders must follow to qualify prospective borrowers.
Federal National Mortgage Association. A government-sponsored private corporation that buys home loans from lenders and sells them to investors.
The nickname given to the Federal National Mortgage Association operated by the government as a secondary market for mortgage loans.
A government-chartered but privately owned corporation that buys mortgages from mortgage companies. Also know as Federal National Mortgage Association
Nickname for US agency trading in mortgage pass through
Federal National Mortgage Association (FNMA), a taxpaying corporation created by Congress to support the secondary mortgage market. It purchases and sells residential mortgages insures by FHA or guaranteed by VA (see Ginnie Mae), as well as conventional home mortgages.
The official name of the Federal National Mortgage Association, it is a congressionally chartered, shareholder-owned company that buys mortgages from lenders and resells them as securities on the secondary mortgage market.
Nickname for the Federal National Mortgage Association, FNMA is a public corporation originally established by the federal government. Fannie Mae purchases mortgage loans from lenders, and thus, is a major source of funds for mortgage companies.
a privately owned shareholder corporation, but federally chartered, that funds mortgages they acquire by purchasing loans directly from the mortgage bankers and intermediaries mortgage-back securities, which are then sold in a wide variety of investors; this program makes loans more affordable to low and moderate income families; same as Federal National Mortgage Association
known as the Federal National Mortgage Association. This private organization buys and sells government insured residential mortgages and makes them into bonds, which people can buy.
Nickname for the Federal National Mortgage Association and the mortgage-backed securities it issues.
The Federal National Mortgage Association, a government sponsored entity, which purchases home loans which adhere to its rigid standards. Fannie Mae, or FNMA, combines these mortgages into loan instruments which it sells to outside investors. These loan bundles are considered safe because Fannie Mae, and thus the government, guarantees the repayment of the principal and interest.
Nickname for Federal National Mortgage Association (FNMA). Go to Top
(Federal National Mortgage Association, FNMA) A government-sponsored corporation, owned solely by private investors. Fannie Mae promotes the flow of funds for home loans by purchasing home loans from lenders.
Nickname for Federal National Mortgage Association. It is a government-chartered non-bank financial services company and the nation's largest source of financing for home mortgages. It was started to make sure mortgage money is available in all areas of the country. Back
Fannie Mae (the Federal National Mortgage Association) is one of the three federally-sponsored enterprises charged with providing funding and expanding access to the housing-finance market. In addition to purchasing loans directly from mortgage banks and other lenders, Fannie Mae also guarantees pools of mortgages against default, thereby making the secondary mortgage market more liquid.
Short name for the Federal National Mortgage Association. One of the main Government Sponsored Agencies which are the companies who sell mortgage backed bonds to investors. They are the ultimate source of the money that we lend. Fannie Mae protects its investors by issuing underwriting guidelines that are to be followed to ensure quality lending.
A New York Stock Exchange company and the largest non-bank financial services company in the world. It operates pursuant to a federal charter and is the nation's largest source of financing for home mortgages. It adds liquidity to the mortgage market by investing in home loans through the country.
Nickname commonly used in reference to the Federal National Mortgage Association (FNMA).
A common nickname for the Federal National Mortgage Association.
Another name for the Federal National Mortgage Association (FNMA), the nation's largest mortgage investor. A quasi-governmental secondary market organization, which offers various mortgage purchase and securitization programs.
Purchases conventional mortgages from banks providing liquidity for the mortgage banking market.
A government agency established to purchase any kind of mortgage loans in the secondary mortgage marker from primary lenders.
The nickname for Federal National Mortgage Association. Fannie Mae is a congressionally chartered and shareholder-owned company that is the nation's largest source of financing for home mortgages.
The Federal National Mortgage Association (FNMA). A government sponsored private corporation that purchases mortgages from lenders. Fannie Mae is the largest non-bank financial services company in the world. It operates pursuant to a federal charter and is the nation's largest source of financing for home mortgages. Over the past 30 years, Fannie Mae has provided nearly $2.5 trillion of mortgage financing for over 30 million families.
Nickname for Federal National Mortgage Association (FNMA), a tax paying corporation created by Congress. Sets guidelines under which most conventional mortgages are acceptable. FNMA is the largest purchaser of VA, FHA and Conventional loans in the secondary market.
A nickname for the Federal National Mortgage Association which buys mortgages from institutions, such as banks, savings and loans and insurance companies in order to provide a degree of liquidity in the mortgage market by establishing a secondary market.
The Federal National Mortgage Association, a tax-paying corporation created by the U.S. Congress that buys and sells conventional residential mortgages as well as those insured by the FHA or guaranteed by the VA. By purchasing mortgages, Fannie Mae increases the availability and affordability of home loans for low- and middle-income Americans.
Federal National Mortgage Association; a purchaser of home mortgages, thus serving as a source of funds for mortgage lenders. It is a privately owned corporation whose shares are traded on the New York Stock Exchange and is subject to supervision by HUD.
Federal National Mortgage Association. A federal agency purchasing first mortgages, both conventional and federally insured, from members of the Federal Reserve System and the Federal Home Loan Bank System. See also Freddie Mac below.
The shortened name for the Federal National Mortgage Association (FNMA), a privately owned corporation that purchases FHA, VA, and conventional mortgages.
A company that creates a market in mortgages by buying and selling them, and also provides funds to other lenders to grant mortgages.
Its an official name of the Federal National Mortgage Association which is one of the largest agencies that buys mortgages from lenders and resells them as securities on the secondary mortgage market.
The Federal National Mortgage Association (also FNMA), a private corporation which is federally chartered to provide financial products and services that increase the availability and affordability of housing, by purchasing mortgages from banks and other
Federal National Mortgage Association—a federal government-sponsored enterprise which purchases mortgages made by lenders.
The Federal National Mortgage Association, which is a congressionally chartered, shareholder-owned company that is the nations largest supplier of home mortgage funds. For a discussion of the roles of Fannie Mae, Freddie Mac (FHLMC), and Ginnie Mae (GNMA), see the Library.
Federal National Mortgage Association (FNMA); a federally-chartered enterprise owned by private stockholders that purchases residential mortgages and converts them into securities for sale to investors; by purchasing mortgages, Fannie Mae supplies funds that lenders may loan to potential homebuyers.
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 and packages those loans as debt securities, which it offers for sale on the open market. By making money availble to lenders, the corporation makes it possible for more potential home owners to borrow at affordable rates. Sometimes described as a quasi-government agency because of its special relationship with Washington, Fannie Mae is a shareholder-owned corporation whose shares trade on the New York Stock Exchange (NYSE).
Securities issued by the Federal National Mortgage Association (FNMA) of the US.
A tax-paying corporation created by Congress that purchases and sells conventional residential mortgages as well as those insured by FHA or guaranteed by VA. This institution, which provides funds for one in seven mortgages, makes mortgage money more available and more affordable. Also Referred to as Federal National Mortgage Association.
Federal National Mortgage Association, a congressionally chartered company, owned by shareholders, that buys mortgages from lenders and resells them as securities in the secondary mortgage market.
A corporation (government-sponsored enterprise) created by Congress to support the secondary mortgage market; it purchases and sells residential mortgages insured by the Federal Home Administration (FHA) or guaranteed by the Veteran's Administration (VA). Formerly the Federal National Mortgage Association. See Freddie Mac.
FNMA (Federal National Mortgage Association) One of the congressionally chartered, publicly owned companies that is the largest source of home mortgage funds.
nickname for the Federal National Mortgage Association (FNMA). FNMA is the largest of the secondary market investors that purchase loans from mortgage companies. The company is a private corporation and is listed on the New York Stock Exchange.
Fannie Mae is a New York Stock Exchange company and the largest non-bank financial services company in the world. It operates pursuant to a federal charter and is the nation's largest source of financing for home mortgages. Over the past 30 years, Fannie Mae has provided nearly $2.5 trillion of mortgage financing for over 30 million families.
The Federal National Mortgage Association is a government chartered, shareholder-owned company that supplies mortgages. Includes Fannie Mae, Freddie Mac (FHLMC), and Ginnie Mae (GNMA).
A privately owned corporation created by Congress in 1938 to support the secondary mortgage market by purchasing and selling government underwritten residential mortgages.
Federal National Mortgage Association (FNMA). Popularly known as "Fannie Mae," an active participant in the secondary mortgage market. Fannie Mae was established as a federal agency in 1938 for the purpose of purchasing FHA loans from loan originators to provide some liquidity for government-insured loans in a depression-wracked economy when few lending institutions would undertake this type of loan.