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.
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References in periodicals archive ?
The average number of days, expressed as a proportion of the month, that funds due to MBS investors are held in liquid deposits during the month following the refinancing (GNMA __ last __ month, FNMA __ last __ month).
However, several types of securities issued by FNMA and FHLMC are excluded from the lower risk weight and slotted in the 100 percent risk weight category.
NAMC paid FNMA a reimbursement of $171,454.82, pursuant to their agreement, and then NAMC sought to collect its losses from MidCountry, alleging that MidCountry breached two parts of its original agreement with NAMC.
$250,382, 277 Main St, Fernandez, Eugenio E, and Onewest Bank FSB, to FNMA.
This article examines when ordinary loss treatment will be allowed for hedging transactions, based on FNMA and the final regulations.
FNMA and FHLMC are privately owned institutions with stockholders and private boards, but they are federally chartered corporations with a variety of special privileges, and the President appoints five members out of 18 to the board of each one.
The IRS's decision to adhere to the FNMA case stems from the definition of ordinary property, which is property that does not produce a capital gain or loss when sold or exchanged.
In July 1988, the Federal National Mortgage Association (FNMA) issued $500 million principal amount of 8.70% indexed sinking fund debentures (ISFDs) |5~.
Three government-sponsored agencies dominate secondary market activity-the Federal National Mortgage Association (FNMA, or Fannie Mae), the Federal Home Loan Mortgage Corporation (FHLMC, or Freddie Mac), and the Government National Mortgage Association (GNMA, or Ginnie Mae)-although banks, thrift institutions, insurance companies, and other entities are active as well.
The resulting positive differential between the cash flow from the assets collateralizing the CMO bonds (the GNMA, FNMA, or FHLMC mortgage certificates) and the principal and interest payments on the collateralized bonds became known as a CMO residual or CMO excess cash flow.
(...) On June 4, Dwight Capital issued another open letter to HomeStreet's Board presenting a preliminary offer of $60M to acquire the FNMA DUS business.
AAA RATING REFLECTS MBS PORTFOLIO: The certificates are limited obligations of the issuer secured by the revenues and assets pledged under the indenture that primarily consist of Ginnie Mae (GNMA) and a small amount of Fannie Mae (FNMA) mortgage backed securities (MBS).