FNMA or Fannie Mae. Organized in 1938 to serve as a secondary market for FHA-insured mortgages. FNMA became a semiprivate organization in 1968. It was authorized to sell one-third of capital stock to private owners and to have two-thirds of its board of directors elected by private owners of the company. FNMA was obligated to help attain the national goal of safe and decent housing for low- and moderate-income families. In 1970, FNMA was authorized to purchase conventional mortgages. The agency obtains its funds by selling securities (traded on the New York Stock Exchange) in the private capital markets, by selling mortgage securities, by obtaining commitment fees for loan purchases, by earning interest on its mortgage portfolio and other investments, and by selling government-guaranteed notes and bonds.
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.
The federal agency that issues Fannie Maes.
An agency formerly of the Federal Government that buys and sells mortgages in the secondary money market. “Fannie Mae.
A federal corporation that provides lenders with a secondary mortgage money market. Back to the Top
A tax-paying corporation created by Congress that purchases and sells conventional residential mortgages as well as those insured by FHA or guaranteed by VA. Also known as "Fannie Mae"
A subsidiary of the Housing and Home Finance Agency, that assists those unable to obtain adequate housing under established home financing programs by purchasing eligible mortgages and selling them to institutional and other investors.
Federal Open Market Committee (Fomc)
Also known as "Fannie Mae". A U.S. government sponsored private corporation authorized to purchase and sell home mortgages. FNMA facilitates the orderly operation of the secondary market for these mortgages.
A publicly owned, government-sponsored enterprise that purchase mortgages from lenders and resells them to investors.
Fannie Mae (FNMA) popularly known as Fannie Mae. FNMA was established for the purpose of purchasing loans from primary lenders (mortgage companies). FNMA is a private corporation and it's stock is traded on the New York Stock Exchange.
Also referred to as 'Fannie Mae.' This government-sponsored corporation is chartered by Congress and owned by stockholders. FNMA buys qualified mortgage loans from the financial institutions that originate them, securitizes the loans, and distributes the securities through the dealer community. Fannie Mae guarantees timely payment of both principal and interest on its mortgage securities, whether or not the payments have been collected from the borrower. The market value of these securities prior to maturity is not guaranteed and will fluctuate. These securities are not backed by the full faith and credit of the U.S. Government.
A privately held, NYSE-listed corporation, nicknamed Fannie Mae, that purchases residential, Federal Housing Administration, and Veterans Administration mortgages from savings institutions, and resells them by means of mortgage-backed securities. These securities are not guaranteed by the U.S. government.
Popularly known as "Fannie Mae," an active participant in the secondary mortgage market. Fannie Mae was established as a federal agency in 1938 for the purpose of purchasing FHA loans from loan originators to provide some liquidity for government-insured loans in a depression-wracked economy when few lending institutions would undertake this type of loan. Fannie Mae Online
FNMA, like GNMA was chartered under the Federal National Mortgage Association Act in 1938. FNMA is a federal corporation working under the auspices of the Department of Housing and Urban Development (HUD). It is the largest single provider of residential mortgage funds in the United States . Fannie Mae, is the corporation is called, is a private stockholder-corporation. The corporation's purchases include a variety of adjustable mortgages and second loans, in addition to fixed-rate mortgages. FNMA's securities are also highly liquid and are widely accepted. FNMA assumes and guarantees that all security holders will receive timely payment of principal and interest.
A quasi-governmental agency that is publicly traded. It was chartered by Congress with the purpose of facilitating the access of mortgage money by creating a secondary market for conventional mortgages.
A federally charted and stockholder-owned corporation organized and existing under the Federal National Mortgage Association Charter Act. It is the largest investor in home mortgage loans in the United States. Established in 1938 as a government agency to provide supplemental liquidity to the mortgage market and was transformed into a stockholder-owned and privately managed corporation by legislation enacted in 1968. Fannie Mae provides funds to the mortgage market by purchasing mortgage loans from lenders, thereby replenishing their funds for additional lending. Fannie Mae acquires funds to purchase loans from many capital market investors that ordinarily may not invest in mortgage loans, thereby expanding the total amount of funds available for housing.
FNMA is one of the major secondary market investors that purchases loans from mortgage companies and other depository institutions. The company is a private corporation and its stock is traded on the New York Stock Exchange.
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 well as conventional home mortgages, Also known as Fannie Mae.
A quasi-governmental agency which is a publicly traded corporation. It was originally chartered by Congress and oversight is located within the Department of Housing and Urban Development. Conventional mortgages purchased by Fannie Mae are called conforming mortgages.
A federally chartered, semi-public corporation that purchases conventional and government guaranteed real estate loans. Their stock is traded on the New York Stock Exchange. The FNMA is popularly known as "Fannie Mae."
Commonly known as 'Fannie Mae.' A government sponsored but privately owned corporation whose primary function is to buy and sell conventional FHA and VA mortgages in the secondary market.
A Congress created association which buys and sells residential mortgages insured by FHA or sponsored by VA.
The nation's largest mortgage investor. A quasi-governmental secondary market organization that offers various mortgage purchase and securitization programs.
Also known as "Fannie Mae." A corporation created by Congress that purchases and sells conventional, FHA and VA residential loans. Provides funds for 1 in 7 loans, making mortgage money more available and affordable.
A private corporation created by Congress to support the secondary mortgage market. FNMA sells mortgage securities backed by pools of conventional loans; payment of principal and interest of these securities is backed by the U.S. government, popularly known as FANNIE MAE
Also referred to as Fannie Mae. A government sponsored private corporation created by Congress to support the secondary mortgage market. It is the largest purchaser and seller of conventional residential mortgages, as well as mortgages insured by the FHA or guaranteed by the VA.
Also called Fannie Mae, a private mortgage buyer that provides liquidity in the mortgage marketplace.
(FNMA) "Fannie Mae" a quasipublic agency converted into a private corporation whose primary function is to buy and sell FHA and VA mortgages in the secondary market.
"Fannie Mae" A federally sponsored private corporation which purchases and sells conventional residential mortgages.
A publicly traded company created by congress in 1938 to provide financing to low and middle income individuals and families. Regulates most conforming loan guidelines.
The FNMA is a stockholder-owned corporation created by Congress to support the secondary mortgage market. The FNMA purchases and sells residential mortgages insured by VA, FHA, and conventional mortgages from primary lenders. Their main purpose is to make mortgage money both more affordable and more available.
A federally chartered, stockholder owned corporation which supports the secondary market for both conventional mortgages and mortgages insured by the FHA and guaranteed by VA.
Popularly known as Fannie Mae, a private corporation whose primary function is to buy and sell mortgages in the secondary mortgage market.
This agency purchases loans that are underwritten to its specific guidelines. These guidelines represent the industry standard for residential conventional lending. Desktop underwriter, or DU, is this agency's electronic underwriting system. It can be accessed by authorized agents via the internet and allows the user to input loan applications and obtain loan decisions quickly.
A stockholder-owned federally chartered corporation. Fannie Mae purchases residential home loans from mortgage lending institutions, packages the mortgages into securities and sells the securities to investors. The largest source of residential mortgage funds in the United States.
A quasi-governmental agency which is a publicly traded corporation. It was originally chartered by Congress and oversight is located within the Department of Housing and Urban Development. It is the largest mortgage investor.
Also known as Fannie Mae. A tax-paying corporation that purchases and sells conventional residential mortgages as well as those insured by FHA or guaranteed by VA.
A congressionally chartered corporation with private stockholders that purchases residential mortgages insured by FHA or guaranteed by VA, as well as conventional home mortgages. Popularly known as Fannie Mae.
A private, for profit, corporation created by Congress to support the secondary mortgage market. It purchases and sells residential mortgages insured by FHA and guaranteed by the VA as well as conventional mortgages. Also known as Fannie Mae.
a government sponsored corporation that buys and sells loans in the secondary market.
Fannie Mae, as it is better known, is privately owned corporation created by Congress to operate in the secondary mortgage market. Fannie Mae buys and sells residential conventional mortgages and mortgages insured by the FHA or guaranteed by the VA. See also Freddie Mac below.
FNMA) (aka "Fannie Mae") A tax-paying corporation created by Congress that purchases and sells conventional residential mortgages as well as those insured by FHA or guaranteed by VA. This institution, which provides funds for one in seven mortgages, makes mortgage money more available and more affordable.
A privately owned but US government sponsored corporation that trades in residential mortgages. Its activities are funded by the sale of instruments commonly known as Fannie Maes.
Secondary mortgage institution, which is the largest single holder of home mortgages in the United States. FNMA buys VA, FHA, and conventional mortgages from primary lenders. Also known as "Fannie Mae."
( FNMA): Or Fannie Mae, is a federally-chartered enterprise owned by private stockholders that purchases residential mortgages and converts them into securities for sale to investors. By purchasing mortgages, Fannie Mae supplies funds that lenders may loan to potential homebuyers.
A federally chartered enterprise owned by private stockholders that purchases residential mortgages and converts them into securities for sale to investors; by purchasing mortgages, FNMA supplies funds that lenders may loan to potential homebuyers. Also known as Fannie Mae.
Also known as Fannie Mae, this is a tax-paying corporation created by Congress to support the secondary mortgage market. It purchases and sells residential mortgages insured by FHA and VA as well as conventional mortgages.
A government-sponsored corporation owned entirely by private stockholders. It is subject to regulation by the Secretary of Housing and Urban Development. It purchases and sells residential mortgages insured by FHA or guaranteed by VA, as well as conventional home mortgages. Purchases of mortgages are financed by the sale of corporate obligations to private investors. Fannie Mae.
Privately owned corporation created by Congress that buys mortgage notes from local lenders and is responsible for the guidelines a majority of lenders use to qualify borrowers.
(Also known as FNMA) Commonly known as Fannie Mae, this is a government supervised secondary market agency.
Purchases mortgage loans from primary lenders in the secondary mortgage market.
Shared Appreciation Mortgage (SAM)
The U.S.'s largest supplier of mortgages to home buyers and owners, a corporation established by Congress and owned by stockholders. It is commonly referred to as 'Fannie Mae,' this government-sponsored enterprise is chartered by Congress. This federally chartered agency buys mortgages from lending institutions, pools them with other loans, and sells shares to investors. Detailed information may be found at http://www.fanniemae.com
Also known as Fannie Mae. A privately owned corporation to support the secondary mortgage market. It adds liquidity to the mortgage market by investing in home loans through the country.
This agency purchases loans that are underwritten to its specific guidelines. These guidelines represent the industry standard for residential conventional lending. Desktop Underwriter, or "DU" as it is commonly referred, is this agency's electronic underwriting system. It can be accessed by authorized agents via the internet and allows the user to input and approve loans in minutes.
A government-sponsored private corporation authorized to purchase and sell mortgages, which increases the affordability and availability of mortgages. Also charged by the federal government with facilitating the orderly operation of a secondary market for home mortgages.
A government sponsored enterprise – a private corporation chartered to provide a secondary market for residential mortgages.
A quasi-governmental organization that purchases mortgage loans from banks and mortgage bankers, groups them in pools and sells security interest in the pools to institutional investors.
The FNMA (or Fannie Mae) is one of the best known institutions in the secondary mortgage market. Fannie Mae buys mortgages from banks and other mortgage-lending institutions and, in turn, sells them to investors. These loan investments are considered safe because Fannie Mae buys mortgages only from companies that conform to its stringent mortgage regulations, and Fannie Mae guarantees the repayment of principal and interest on the loans that it sells.
A congressionally chartered private corporation (since 1938) that provides a secondary market for FHA, VA and conventional loans. Fannie Mae is the nation's largest private investor in American home mortgages. With assets in excess of $90 billion, it is the third largest corporation in the United States.
A privately owned, congressionally chartered company that is the nation's largest mortgage investor.
A known institution that buys mortgages from banks and other lending institutions and sells these mortgages to investors.
Fannie Mae: A privately owned corporation which provides a secondary market for federally guaranteed or insured mortgages as well as conventional mortgages. Its stock trades on the NYSE. It issues a number of different mortgage-backed securities.
The nation's largest mortgage investor. Created in 1968 by an amendment to Title III of the National Housing Act (12 USC 1716 et seq.), this stockholder-owned corporation, a portion of whose board of directors is appointed by the President of the United States, supports the secondary market in mortgages on residential property with mortgage purchase and securitization programs. Also called Fannie Mae.
Now officially dubbed Fannie Mae, this federally chartered agency buys mortgages from lending institutions, pools them with other loans and sells shares to investors.
A privately owned corporation created by Congress that purchases and sells conventional residential mortgages as well as those insured by Federal Housing Administration or guaranteed by Veterans Affairs. This institution, which provides funds for one in seven mortgages, makes mortgage money more available and more affordable. Fannie Mae and Freddie Mac are the key secondary mortgage-market agencies.
Popularly known as "Fannie Mae"; a privately owned corporation created by Congress to support the secondary mortgage market. It purchases and sells residential mortgages insured by the FHA or guaranteed by the VA, as well as conventional home mortgages.
A tax-paying corporation, also known as "Fannie Mae", created by Congress that purchases and sells conventional residential mortgages as well as those insured by FHA or guaranteed by VA. This institution makes mortgage money more available and more affordable.
A privately owned for-profit corporation that purchases home mortgage loans from lenders, and uses the loans to create mortgage-backed securities for sale to investors. In order to be sold to FNMA, loans must meet FNMA standards to qualify for Fannie Mae Interest rates.
The FNMA, often called Fannie Mae, is a corporation that buys mortgages from banks, savings and loans institutions, and other loan sources. Most long-term residential financing arranged by banks and other thrift institutions are sold to FNMA or other similar mortgage holders.
A private corporation created by Congress to provide secondary mortgages, sometimes referred to as "Fannie Mae."
Also known as "Fannie Mae". FNMA is the largest secondary mortgage organization and the largest supplier of home mortgage funds. They are a sort of a middleman between institutional banks and the Federal Reserve.
Purchases loans from lenders, securitizes them and sells FNMA mortgage backed securities on wall street.
Fannie Mae has a dual role in the US mortgage market. Specifically, the corporation buys mortgages that meet its standards from mortgage lenders around the country and packages those loans as debt securities, which it offers for sale on the open market. By making the money it collects from selling bonds available to lenders, the corporation makes it possible for more potential homeowners to borrow at affordable rates. At the same time, it provides the investment marketplace with interest-paying bonds. It is sometimes described as a quasi-government agency because of its special relationship with the federal government.
Commonly known as "Fannie Mae", the FNMA is the largest and best known buyer of existing mortgages. The Federal National Mortgage Association was originally organized by the federal government in 1938 to purchase FHA-insured mortgages. The association was reorganized in 1968 as a quasi-private corporation whose entire ownership is private. Fannie Mae raises capital by issuing corporate stock which is actively traded on the New York Stock Exchange and by selling mortgages out of its portfolio to various investors. Over the past twenty years Fannie Mae has purchased many times more than it has sold. At the end of 1991 current mortgage holdings exceeded $100 billion, the majority being conventional mortgages.
This agency buys loans that are underwritten to its specific guidelines. These guidelines are an industry standard for residential conventional lending.
Fannie Mae”, a privately owned part of the secondary mortgage market used to recycle mortgages made in the primary market, purchases conventional, FHA and VA loans.
A private corporation created by Congress to support the secondary mortgage market by buying and selling residential mortgages insured by FHA or guaranteed by VA. It also issues mortgage-backed securities backed by conventional mortgages. See also: Mortgage Backed Securities.
A federally chartered stockholder owned corporation that purchases residential and conventional mortgages that are guaranteed or insured by federal agencies. FNMA sells them as securities to a federal agency that is a part of the Department of Housing and Urban Development (HUD) that provides mortgage insurance for residential mortgages.
The government-backed residential mortgage agency in the US.
Privately owned corporation created by Congress that buys mortgage notes from local lenders and is responsible for the guidelines a majority of lenders user to quality buyers.
also know as "Fannie Mae" A government sponsored entity that purchases and sells conventional residential mortgages as well as those insured by FHA or guaranteed by VA.
Better known as Fannie Mae, the organization is one of the best-known institutions in the secondary mortgage market. Fannie Mae buys mortgages from banks and other lending institutions, then sells them to investors. The Federal Home Loan Mortgage Corp., or Freddie Mac, is in the same field. Both are publicly traded companies. Source: “Home Buying for Dummies"
A government-sponsored but privately owned secondary mortgage market corporation that buys and sells FHA, VA, and conventional loans; commonly called Fannie Mae.
Corporation created by Congress that buys and sells residential mortgages, providing funds for one in seven mortgages.
A privately owned corporation created by Congress to support the secondary mortgage market. It purchases and sells residential mortgages insured by FHA or guaranteed by VA, as well as conventional home mortgage. Popularly known as Fannie Mae.
A governmental agency established to purchase any kind of mortgage loans in the secondary mortgage market from the primary lenders
Also known as FNMA or "Fannie Mae"; they are a major participant in the buying and selling of FHA and VA loans in the secondary mortgage market. (Note; They are no longer a government agency.)
The former name of Fannie Mae.
"Fanny Mae", a quasi-public agency being converted into a private corporation whose primary function is to buy and sell FHA and VA mortgages in the secondary market. It provides a market for government secured mortgages held by primary lenders and provides them with a ready market so as to permit a greater turnover of money for loans.
A government-sponsored corporation that purchases mortgages from lenders, repackages them and sells them. The agency, which is known as Fannie Mae, deals in both government-backed and conventional mortgages
Fannie Mae A congressionally chartered private agency that purchases home mortgage loans not insured by the FHA or guaranteed by the VA from originating financial institutions. The loans are either kept in portfolio or packaged and sold as securities. Fannie Mae also offers programs for lower-income homebuyers that have more flexible underwriting guidelines.
A privately owned corporation created by Congress to support the secondary mortgage market. It purchases and sells residential mortgages insured by the Federal Housing Administration (FHA) or guaranteed by the Veterans administration (VA), as well as conventional home mortgages.
A government-sponsored corporation, owned solely by private investors, created to provide support to the secondary market for FHA and VA mortgages and conventional mortgages.
Dubbed Fannie Mae, this congressionally chartered, shareholder-owned company that buys mortgages from lenders and resells them as securities on the secondary mortgage market.
The FNMA, also known as Fannie Mae, was established in 1938 by Congress to create a secondary market in mortgages issued by the Federal Housing Administration (FHA). Currently, FNMA is a privately owned corporation whose function is to buy and sell government insured or guaranteed mortgages to stabilize the supply and demand of mortgage money. Fannie Mae issues debentures and short-term discount notes to finance its mortgage purchases. FNMA guarantees timely payment of principal and interest on MBS it issues.
Nicknamed "Fannie Mae", the Federal National Mortgage Association is a government-sponsored enterprise that buys mortgages from the Federal Housing Administration and other financial institutions and packages them as investment securities. Its purpose is to improve liquidity in the secondary market for such mortgages. Shares of Fannie Mae stock are traded on the New York Stock Exchange. Bonds issued by Fannie Mae are called agency bonds, which are almost as safe as Treasurys, but pay better yields.
(FNMA or Fannie Mae) A private corporation that acts as a secondary market. investor to buy and sell mortgage loans. FNMA sets many of the guidelines for conventional mortgage loans, as does FHLMC. The major purpose of this organization is to make mortgage money more affordable and more available.