Overview

Federal National Mortgage Association


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(FNMA)

A government sponsored publicly traded company formed in the USA to trade in mortgages, guaranteed by the Federal Housing Finance Board (see federal home loan banks). It is the largest source of housing finance in the USA. FNMA is often referred to as Fannie Mae. Following a collapse in its share value, it was taken into temporary public ownership in September 2008.

Subjects: Business and Management — Economics.


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