Federal National Mortgage Association
From ACT Wiki
Mortgages - mortgage-backed securities - United States.
(FNMA, or Fannie Mae).
Fannie Mae is a US government sponsored corporation, established to expand the secondary mortgage market.
Among other activities, it lends money to home buyers.
It securitises mortgage loans as mortgage-backed securities.
It was founded in in 1938 and is headquartered in Washington DC.
See also
- Federal Home Loan Mortgage Corporation (FHLMC)
- Forbearance
- Foreclosure
- Government National Mortgage Association (GNMA)
- Mortgage
- Mortgage-backed securities
- Secondary market
- Securitisation
- Security
- United States
