Fannie Mae

or Fanny Mae

noun

1. Federal National Mortgage Association.
2. any of the publicly traded securities collateralized by a pool of mortgages backed by the Federal National Mortgage Association.

Fannie Mae

/ ˈfænɪ meɪ /

noun

1. (in the US)an informal name for the Federal National Mortgage Association, a private company that buys and sells mortgage debt

Word History and Origins

Origin of Fannie Mae¹

Altered from FNMA, the association's initials

Word History and Origins

Origin of Fannie Mae¹

C20: altered from the initials FNMA

Example Sentences

To apply for a loan, undocumented applicants must meet requirements set by the Federal National Mortgage Assn., also known as Fannie Mae, which include having a taxpayer identification number or Social Security number.

From Los Angeles Times

Under Fannie Mae rules, applicants must have a valid employment authorization or a certain type of documentation, such as a green card or work visa.

From Los Angeles Times

Fannie Mae’s latest forecast predicts mortgage rates will average 6.6% this year and 6.1% next year.

From Seattle Times

In the ashes of the crisis, Fannie Mae launched a 2012 pilot program allowing investment funds to buy up swathes of homes that were sitting empty after foreclosures.

From Salon

The Fannie Mae HomeStyle Renovation loan or mortgage is another.

From Seattle Times