Fannie Mae

 

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Fannie Mae

See 'Federal National Mortgage Association'.



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Federal National Mortgage Association (FannieMae)

Federal National Mortgage Association (FannieMae)

A publicly owned, government-sponsored corporation chartered in 1938 to purchase mortgages from lenders and resell them to investors. Known by the nickname Fannie Mae, it packages mortgages backed by the Federal Housing Administration, but also sells some nongovernment-backed mortgages.




 
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