fannie mae

English - English

Definition of fannie mae in English English dictionary

Widely-used nickname for the Federal National Mortgage Association (FNMA), a stockholder-owned corporation sponsored by the US government, established in 1938 and partially privatized in 1968

U.S. Government-chartered corporation that purchases mortgages from lenders and reoffers them to investors as mortgage-backed securities (ensures that banks have a constant supply of mortgage funds)

a US financial institution which buys and sells loans and mortgages to banks and other institutions, but does not deal directly with ordinary borrowers

Hyphenation

Fan·nie Mae

Turkish pronunciation

fäni mey

Pronunciation

/ˈfanē ˈmā/ /ˈfæniː ˈmeɪ/