Federal National Mortgage Association Definition

Federal National Mortgage Association

Definition

FNMA or Fannie Mae. A congressionally chartered corporation which buys mortgages on the secondary market, 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.

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Federal National Mortgage Association is ...
... part of the Bonds, Lending & Credit, Real Estate and Stocks subjects.

Related Terms

agency security - More

association -

agency bond - More

dwarf, public bond, U.S. Government Agency Security, federal agency bond, federal agency securities, government sponsored enterprise (GSE)

Federal National Mortgage Association appears in the definitions of these other terms on BusinessDictionary.com

Federal Home Loan Mortgage Corporation (Freddie Mac)