Federal National Mortgage Association. 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. Also called Fannie Mae.

Use FNMA in a sentence

The FNMA had in fact bought most of the houses in the area and investors where in a fiasco to make offers on them as a whole.

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We had done some business with the FNMA in the past, with mixed results, but as it stood they were once again the best option we had.

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They had a number of loans with FNMA, and had to make sure their remittances were sent to them each month through wires for the money they owed.

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