FNMA

Definition
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.




FNMA is ...
... part of the
Bonds, Real Estate and Stocks subjects.


Related Terms

jumbo mortgage -  More


FNMA appears in the definitions of these other terms on BusinessDictionary.com

Loading...





Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z