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Federal National Mortgage Association

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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.
McGraw-Hill Dictionary of Architecture and Construction. Copyright © 2003 by McGraw-Hill Companies, Inc.
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References in periodicals archive
Federal National Mortgage Association, to Wendt Todd, 2236 Rose Blossom Dr, Springfield, 9747; $189,900.
Federal National Mortgage Association, Fannie Mae Form 2000 (Washington, D.C.: Federal National Mortgage Association, 1996).
Federal National Mortgage Association, to Lyons Eric L; 4436 Spring Meadow Ave, Eugene.
The Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) have been the principal engines pushing the criminally risky and thoroughly corrupt subprime mortgage market.
NHDC bought the project for $2.1 million in December 2004 from Fannie Mae (the Federal National Mortgage Association).
(16) In Georgia, SouthTrust Bank invested approximately $14 million in municipal bonds and Federal National Mortgage Association wraps ("FNMA wraps").
Today, Washington offers a raft of mortgage subsidies to the population at large through institutions such as the Federal National Mortgage Association and the Federal Housing Administration.
At the same time, he's trimmed his holdings of longer-dated Treasuries and has purchased federally issued mortgage-backed securities from the Federal National Mortgage Association, for example.
The whipsaw possibility was obliterated to a large extent by the Tax Court decision in Federal National Mortgage Association (FNMA), 100 TC 541 (1993), in which losses sustained on certain interestrate futures, short sales of Treasury securities and put options on Treasury futures were allowed as ordinary, since they were an "integral part" of a system by which FNMA purchased and held mortgages.
The temporary and proposed regulations were issued under sections 1221 and 446 in response to both the Tax Court's decision in Federal National Mortgage Association v.
A long-awaited Tax Court decision in a case involving the Federal National Mortgage Association has resulted in a resounding victory for Fannie Mae.
Here's how ARMs work: Banks make adjustable rate mortgage loans and typically sell them to government agencies such as the Government National Mortgage Association (GNMA or Ginnie Mae), the Federal National Mortgage Association (FNMA or Fannie Mae), or the Federal Home Loan Mortgage Corporation (FHLMC or Freddie Mac).
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