FNMA

Definitions

  • WordNet 3.6
    • n FNMA a federally chartered corporation that purchases mortgages
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Usage


In news:

Economic activity accelerated in the third quarter, but data continue to show a sluggish recovery overall, according to Fannie Mae 's (FNMA/OTC) Economic & Strategic Research Group.
The measure would remove barriers to refinancing for borrowers with loans backed by Fannie Mae (FNMA) and Freddie Mac (FMCC).
Fannie Mae (FNMA) estimated that it would lose $10.9 billion on the portfolio if the bank continued to service those loans and would cut that loss by $1.7 billion to $2.7 billion if the portfolio were handled by a specialty servicer.
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