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 qualify for this relief, the loan has to be federally owned or backed by federal agencies or entities such as Fannie Mae or Freddie Mac.

From Washington Post

Fannie Mae listed it for $210,000 before reducing it to $199,900, and Zillow says it’s worth up to $221,000.

From Time

It was a “disrupter” program called Inroads that helped her get her first job working for Fannie Mae.

From Ozy

She oversaw the slow and painful process of righting the ship, as Citi paid hundreds of millions of dollars to settle claims that it had sold faulty mortgages to Fannie Mae and Freddie Mac years earlier.

From Fortune

Freddie Mac and Fannie Mae are privately owned, but they have been financially backstopped by the federal government and are required to meet goals for lending on affordable housing.

From ProPublica

As with AIG, the government essentially bailed out the financial system by bailing out Fannie Mae and Freddie Mac.

From The Daily Beast

Fannie Mae and Freddie Mac, which buy almost every mortgage originated in the U.S., are still functioning.

From The Daily Beast

Fannie Mae in September paid a $10.2 billion dividend and Freddie Mac paid a $4.4 billion dividend.

From The Daily Beast

In May, Fannie Mae said it would make a $59.2 billion payment to Treasury by the end of June.

From The Daily Beast

Fannie Mae and Freddie Mac, the government-owned mortgage agencies, have been minting money and turning it over to Treasury.

From The Daily Beast