|
|
FNMA or Fannie Mae. Originally set up by congress in 1938 to aid the US...
US government-sponsored federal national mortgage association.
A quasi-government agency, now publicly owned, which purchases mortgages from the original mortgage lenders. See also Freddie Mac.
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 stock |
