Sentences with fannie mae
Fan·nie mae
F f - Fannie Mae purchases residential mortgages and converts them into securities for sale to investors.Fannie Mae is one of several government agencies that is permitted to issue debt for sale to the investing public.Fannie Mae is an official organization in the US that buys and sells loans in order to provide mortgages to homebuyers.
- The nickname Fannie Mae derives from the initials of its formal name, the Federal National Mortgage Association.Similarly, the Federal Home Loan Mortgage Association is known as Freddie Mac, the Government National Mortgage Association is Ginnie Mae, and the Student Loan Marketing Association is Sallie Mae.