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Fannie Mae

   Also found in: Dictionary/thesaurus, Legal, Acronyms, Encyclopedia, Wikipedia, Hutchinson 0.01 sec.
See Federal National Mortgage Association.
Fannie Mae
1. A private, shareholder-owned company created by Congress in 1938 to bolster the housing industry during the depression. Fannie Mae facilitates homeownership by adding liquidity to the mortgage market when it purchases loans from lenders who use the funds received to make additional loans. Fannie Mae finances mortgage purchases by issuing its own bonds or by selling mortgages it already owns to financial institutions. The firm's common stock trades as FNM on the New York Stock Exchange. Formerly called Federal National Mortgage Association. See also quasi-public corporation.
2. A security issued by this company that is backed by insured and conventional mortgages. Monthly returns to holders of Fannie Maes consist of interest and principal payments made by homeowners on their mortgages.
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Fannie Mae is a New York Stock Exchange company and the largest non-bank financial services company in the world.
Fannie Mae Announces Live Webcast of 2003 Annual Shareholders Meeting by Business Wire
20, 2020 3136F05H1 March 17, 2003 ---------------------------------------------------------------------- *T Fannie Mae is a New York Stock Exchange company and the largest non-bank financial services company in the world.
Fannie Mae Redemption by Business Wire
WHO: Timothy Howard Chief Financial Officer, Fannie Mae WHAT: Presentation to Salomon Smith Barney 2003 Global Agency Debt Conference WHERE: This event will be webcast live and will be available on our Web site www.
ADVISORY/Fannie Mae Chief Financial Officer to Address Salomon Smith ... by Business Wire
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