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FNMA or Fannie Mae. Originally set up by congress in 1938 to aid the US housing...
A federally chartered corporation that purchases and resells mortgages.
A publicly owned, government-sponsored corporation that purchases and sells mortgages insured by the Federal Housing Administration (FHA) or Farmers' Home Administration (FHDA); or guaranteed by the Veterans' Administration (VA). Interest on these bonds is fully taxable.
FNMA or Fannie Mae. Organized in 1938 to serve as a secondary market for FHA-insured mortgages. FNMA became a semiprivate organization in 1968. It was authorized to sell one-third of capital stock to private owners and to have two-thirds of its board of directors elected by private owners of the company. FNMA was obligated to help attain the national goal of safe and decent housing for low- and moderate-income families. In 1970, FNMA was authorized to purchase conventional mortgages. The agency obtains its funds by selling securities (traded on the New York Stock Exchange) in the private capital markets, by selling mortgage securities, by obtaining commitment fees for loan purchases, by earning interest on its mortgage portfolio and other investments, and by selling government-guaranteed notes and bonds.
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.
The federal agency that issues Fannie Maes.
An agency formerly of the Federal Government that buys and sells mortgages in the secondary money market. “Fannie Mae.
A federal corporation that provides lenders with a secondary mortgage money market. Back to the Top
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. Also known as "Fannie Mae"
A subsidiary of the Housing and Home Finance Agency, that assists those unable to obtain adequate housing under established home financing programs by purchasing eligible mortgages and selling them to institutional and other investors.
Federal Open Market Committee (Fomc)
Also known as "Fannie Mae". A U.S. government sponsored private corporation authorized to purchase and sell home mortgages. FNMA facilitates the orderly operation of the secondary market for these mortgages.
A publicly owned, government-sponsored enterprise that purchase mortgages from lenders and resells them to investors.
Fannie Mae (FNMA) popularly known as Fannie Mae. FNMA was established for the purpose of purchasing loans from primary lenders (mortgage companies). FNMA is a private corporation and it's stock is traded on the New York Stock Exchange.
Also referred to as 'Fannie Mae.' 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.
A privately held, NYSE-listed corporation, nicknamed Fannie Mae, that purchases residential, Federal Housing Administration, and Veterans Administration mortgages from savings institutions, and resells them by means of mortgage-backed securities. These securities are not guaranteed by the U.S. government.
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. Fannie Mae Online
FNMA, like GNMA was chartered under the Federal National Mortgage Association Act in 1938. FNMA is a federal corporation working under the auspices of the Department of Housing and Urban Development (HUD). It is the largest single provider of residential mortgage funds in the United States . Fannie Mae, is the corporation is called, is a private stockholder-corporation. The corporation's purchases include a variety of adjustable mortgages and second loans, in addition to fixed-rate mortgages. FNMA's securities are also highly liquid and are widely accepted. FNMA assumes and guarantees that all security holders will receive timely payment of principal and interest.
A quasi-governmental agency that is publicly traded. It was chartered by Congress with the purpose of facilitating the access of mortgage money by creating a secondary market for conventional mortgages.
A federally charted and stockholder-owned corporation organized and existing under the Federal National Mortgage Association Charter Act. It is the largest investor in home mortgage loans in the United States. Established in 1938 as a government agency to provide supplemental liquidity to the mortgage market and was transformed into a stockholder-owned and privately managed corporation by legislation enacted in 1968. Fannie Mae provides funds to the mortgage market by purchasing mortgage loans from lenders, thereby replenishing their funds for additional lending. Fannie Mae acquires funds to purchase loans from many capital market investors that ordinarily may not invest in mortgage loans, thereby expanding the total amount of funds available for housing.
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.
A tax paying corporation created by Congress to support the secondary mortgage market. It purchases and sells residential mortgages insured by FHA or guaranteed by VA as well as conventional home mortgages, Also known as Fannie Mae.
A quasi-governmental agency which is a publicly traded corporation. It was originally chartered by Congress and oversight is located within the Department of Housing and Urban Development. Conventional mortgages purchased by Fannie Mae are called conforming mortgages.
A federally chartered, semi-public corporation that purchases conventional and government guaranteed real estate loans. Their stock is traded on the New York Stock Exchange. The FNMA is popularly known as "Fannie Mae."
Commonly known as 'Fannie Mae.' A government sponsored but privately owned corporation whose primary function is to buy and sell conventional FHA and VA mortgages in the secondary market.
A Congress created association which buys and sells residential mortgages insured by FHA or sponsored by VA.
The nation's largest mortgage investor. A quasi-governmental secondary market organization that offers various mortgage purchase and securitization programs.
Also known as "Fannie Mae." A corporation created by Congress that purchases and sells conventional, FHA and VA residential loans. Provides funds for 1 in 7 loans, making mortgage money more available and affordable.
A private corporation created by Congress to support the secondary mortgage market. FNMA sells mortgage securities backed by pools of conventional loans; payment of principal and interest of these securities is backed by the U.S. government, popularly known as FANNIE MAE
Also referred to as Fannie Mae. A government sponsored private corporation created by Congress to support the secondary mortgage market. It is the largest purchaser and seller of conventional residential mortgages, as well as mortgages insured by the FHA or guaranteed by the VA.
Also called Fannie Mae, a private mortgage buyer that provides liquidity in the mortgage marketplace.
(FNMA) "Fannie Mae" a quasipublic agency converted into a private corporation whose primary function is to buy and sell FHA and VA mortgages in the secondary market.
"Fannie Mae" A federally sponsored private corporation which purchases and sells conventional residential mortgages.
A publicly traded company created by congress in 1938 to provide financing to low and middle income individuals and families. Regulates most conforming loan guidelines.
The FNMA is a stockholder-owned corporation created by Congress to support the secondary mortgage market. The FNMA purchases and sells residential mortgages insured by VA, FHA, and conventional mortgages from primary lenders. Their main purpose is to make mortgage money both more affordable and more available.
A federally chartered, stockholder owned corporation which supports the secondary market for both conventional mortgages and mortgages insured by the FHA and guaranteed by VA.
Popularly known as Fannie Mae, a private corporation whose primary function is to buy and sell mortgages in the secondary mortgage market.
This agency purchases loans that are underwritten to its specific guidelines. These guidelines represent the industry standard for residential conventional lending. Desktop underwriter, or DU, is this agency's electronic underwriting system. It can be accessed by authorized agents via the internet and allows the user to input loan applications and obtain loan decisions quickly.
A stockholder-owned federally chartered corporation. Fannie Mae purchases residential home loans from mortgage lending institutions, packages the mortgages into securities and sells the securities to investors. The largest source of residential mortgage funds in the United States.
A quasi-governmental agency which is a publicly traded corporation. It was originally chartered by Congress and oversight is located within the Department of Housing and Urban Development. It is the largest mortgage investor.
Also known as Fannie Mae. A tax-paying corporation that purchases and sells conventional residential mortgages as well as those insured by FHA or guaranteed by VA.
A congressionally chartered corporation with private stockholders that purchases residential mortgages insured by FHA or guaranteed by VA, as well as conventional home mortgages. Popularly known as Fannie Mae.
A private, for profit, corporation created by Congress to support the secondary mortgage market. It purchases and sells residential mortgages insured by FHA and guaranteed by the VA as well as conventional mortgages. Also known as Fannie Mae.
See: AGENCIES.
a government sponsored corporation that buys and sells loans in the secondary market.
Fannie Mae, as it is better known, is privately owned corporation created by Congress to operate in the secondary mortgage market. Fannie Mae buys and sells residential conventional mortgages and mortgages insured by the FHA or guaranteed by the VA. See also Freddie Mac below.
FNMA) (aka "Fannie Mae") 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.
A privately owned but US government sponsored corporation that trades in residential mortgages. Its activities are funded by the sale of instruments commonly known as Fannie Maes.
Secondary mortgage institution, which is the largest single holder of home mortgages in the United States. FNMA buys VA, FHA, and conventional mortgages from primary lenders. Also known as "Fannie Mae."
( FNMA): Or Fannie Mae, is 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.
A federally chartered enterprise owned by private stockholders that purchases residential mortgages and converts them into securities for sale to investors; by purchasing mortgages, FNMA supplies funds that lenders may loan to potential homebuyers. Also known as Fannie Mae.
Also known as Fannie Mae, this is a tax-paying corporation created by Congress to support the secondary mortgage market. It purchases and sells residential mortgages insured by FHA and VA as well as conventional mortgages.
A government-sponsored corporation owned entirely by private stockholders. It is subject to regulation by the Secretary of Housing and Urban Development. It purchases and sells residential mortgages insured by FHA or guaranteed by VA, as well as conventional home mortgages. Purchases of mortgages are financed by the sale of corporate obligations to private investors. Fannie Mae.
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.
(Also known as FNMA) Commonly known as Fannie Mae, this is a government supervised secondary market agency.
Purchases mortgage loans from primary lenders in the secondary mortgage market.
Shared Appreciation Mortgage (SAM)
The U.S.'s largest supplier of mortgages to home buyers and owners, a corporation established by Congress and owned by stockholders. It is commonly referred to as 'Fannie Mae,' this government-sponsored enterprise is chartered by Congress. This federally chartered agency buys mortgages from lending institutions, pools them with other loans, and sells shares to investors. Detailed information may be found at http://www.fanniemae.com
Also known as Fannie Mae. A privately owned corporation to support the secondary mortgage market. It adds liquidity to the mortgage market by investing in home loans through the country.
This agency purchases loans that are underwritten to its specific guidelines. These guidelines represent the industry standard for residential conventional lending. Desktop Underwriter, or "DU" as it is commonly referred, is this agency's electronic underwriting system. It can be accessed by authorized agents via the internet and allows the user to input and approve loans in minutes.
A government-sponsored private corporation authorized to purchase and sell mortgages, which increases the affordability and availability of mortgages. Also charged by the federal government with facilitating the orderly operation of a secondary market for home mortgages.
A government sponsored enterprise – a private corporation chartered to provide a secondary market for residential mortgages.
A quasi-governmental organization that purchases mortgage loans from banks and mortgage bankers, groups them in pools and sells security interest in the pools to institutional investors.
The FNMA (or Fannie Mae) is one of the best known institutions in the secondary mortgage market. Fannie Mae buys mortgages from banks and other mortgage-lending institutions and, in turn, sells them to investors. These loan investments are considered safe because Fannie Mae buys mortgages only from companies that conform to its stringent mortgage regulations, and Fannie Mae guarantees the repayment of principal and interest on the loans that it sells.
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