Federal National Mortgage Association
From Real Estate
(Redirected from Fannie Mae)
The Federal National Mortgage Association, also called FNMA or Fannie Mae, is a federally-chartered enterprise owned by private stockholders that purchases residential mortgages and converts them into securities to sell to investors; by purchasing mortgages, Fannie Mae supplies funds that lenders may loan to potential homebuyers, creating a sort of "circle of loans".
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