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Federal National Mortgage Association |
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Federal National Mortgage Association(Fannie Mae): A tax paying corporation created by Congress to support the secondary mortgage market. It purchases and sells residential mortgages insured by FHA or guaranteed by VA as conventional home mortgages.Federal National Mortgage AssociationIn the US, a government-backed corporation which purchases mortgages from lenders and resells them to investors. It is financed by the issue of debt securities. Equity shares, known as Fannie Maes, are traded on the New York Stock Exchange.Similar MatchesSavings And Loan AssociationSavings And Loan AssociationOriginally an association chartered to hold savings and make real estate loans. Federally insured and regulated. Active in long term financing rather than construction loans. Recent changes in federal controls have enabled these associations to offer checking accounts, consumer loans, and other services traditionally offered by banks. Financial Intermediaries Managers and Brokers Regulatory AssociationFinancial Intermediaries Managers and Brokers Regulatory AssociationThe self regulating organisation originally responsible for governing financial advisers. Became part of the PIA in 1994. European Association of Securities Dealers Automated QuotationEuropean Association of Securities Dealers Automated QuotationEASDAQ was set up in 1996 as a pan-European stock market for technology and growth stocks. It now has about 60 companies listed with an average market capitalisation of £350m.UK investors can buy shares in companies listed on EASDAQ through a registered European broker. They are listed on the EASDAQ website - http://www.easdaq.com. Government National Mortgage AssociationGovernment National Mortgage AssociationIn the US, a government-owned corporation which guarantees payment of interest and principal of mortgage-backed pass through securities. The corporation is nicknamed Ginnie Mae. 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. Further SuggestionsBuilding And Loan AssociationBond market association National Association of Securities Dealers Association of Investment Trust Companies Federal Savings and Loan Association Student Loan Marketing Association (SLMA) Savings Association Insurance Fund (SAIF) International Swap Dealers Association (ISDA) Association of Southeast Asian Nations (ASEAN) Securities Industry Association (SIA) Association of Private Client Investment Managers and Stockbrokers C Califomia Land Title Association (CLTA) National Association of Investors Corporation American Association of Individual Investors (AAII) Futures Industry Association Foreign Credit Insurance Association (FCIA) articles of association European Association of Securities Dealers Automated Quotation (EASDAQ) Association Agreement International Development Association (IDA) London Bullion Market Association Free trade association memorandum of association Gnma (government National Mortgage Association) Options American Association of Individual Investors |
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