Meaning / Definition of
Fannie Mae
Categories: Loan and Mortgage, Credit and Debt, Real Estate, Stocks, Bonds and Treasuries,
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. Also known as a government sponsored Enterprise (GSE).
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Discrimination
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