Fannie Mae
Definition
One of two Federal agencies that purchase home loans from lenders. (The other is Freddie Mac). Both agencies finance their purchases primarily by packaging mortgages into pools, then issuing securities against the pools. The securities are guaranteed by the agencies. They also raise funds by selling notes and other liabilities
Related Terms Other terms related to 'Fannie Mae' starting with the letter 'F' Fees, Flexible payment ARM, Freddie Mac, Foreclosure, FHA mortgage
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