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

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

Fannie Mae and Freddie Mac may require tougher qualifications than a government-backed loan: higher credit scores, bigger down payments.

From Seattle Times

A recent Fannie Mae survey asked homeowners if they planned to stay in their homes longer than originally intended and why.

From Seattle Times

"With mortgage rates continuing to rise and homebuilder optimism surveys softening, we expect new sales to soften over the remainder of the year," said Doug Duncan, chief economist at Fannie Mae.

From Reuters