Fannie Mae

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Fannie Mae:

see Federal National Mortgage AssociationFederal National Mortgage Association
(FMNA), commonly known as Fannie Mae,
government-sponsored enterprise that is the largest purchaser and guarantor of home mortgages in the country. Headquartered in Washington, D.C.
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Federal National Mortgage Association (Fannie Mae)

The quasi-private corporation chartered by the US government that functions as a secondary mortgage market for private residences.
References in periodicals archive ?
Had the IRS prevailed on any of these issues, FNMA would have lost ordinary income or loss treatment for its hedging transactions.
The IRS also contended that since FNMA entered into microhedges to hedge the interest rate risk for specific transactions, and did not enter into a comprehensive program with the business purpose of hedging each element of its interest rate risk, the transactions were not hedges.
After FNMA, the IRS abandoned its position regarding most common business hedges.
1) The terms of the ISFDs provide that if the scheduled redemption on any sinking fund date would leave a remaining balance less than five percent of the original balance, the FNMA will immediately redeem the entire outstanding balance.
The base annual sinking fund percentage for the five-year issues, which the FNMA sold first, is 40%.
Borrowers using loans backed by GNMA may differ from those using loans supported by FNMA and FHLMC for another reason.
Most of the activity (some 70 percent) was with FNMA, FHLMC, and GNMA.