federal national mortgage association

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Definitions from WordNet

Noun federal national mortgage association has 1 sense

Federal National Mortgage Association, Fannie Mae, FNMA - a federally chartered corporation that purchases mortgages
--₁ is a kind of corporation, corp

Definitions from the Web

Federal National Mortgage Association

Noun (proper): The Federal National Mortgage Association (FNMA), commonly known as Fannie Mae, is a U.S. government-sponsored enterprise that was created in 1938. It operates in the secondary mortgage market. Fannie Mae's purpose is to ensure that mortgage bankers have enough funds to lend to homebuyers, as well as to support the mortgage market stability.

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Sample Sentence: Fannie Mae plays a significant role in providing liquidity to the mortgage market, making homeownership more accessible.

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