Federal national mortgage association

• Abbreviated FNMA, like GNMA was chartered under the Federal National Mortgage Association Act in 1938. FNMA is a federal corporation working under the auspices of the Department of Housing and Urban Development (HUD). It is the largest single provider of residential mortgage funds in the United States. Fannie Mae, as the corporation is called, is a private stockholder-owned corporation. The corporation's purchases include a variety of adjustable mortgages and second loans, in addition to fixed-rate mortgages. FNMA's securities are also highly liquid and are widely accepted. FNMA assumes and guarantees that all security holders will receive timely payment of principal and interest.

• Federal National Mortgage Association is one of the three Government Sponsored Agencies.


Follow this link for all the terms related to mortgage.

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 Related Terms
Adjustable rate mortgage
Alternative mortgage instruments
Association for investment management and research
Assumable mortgage
Assumption of mortgage
Closed end mortgage
Collateralized mortgage obligation
Collateralized mortgage obligations
Conventional mortgage
Federal agency issues
Federal agency securities
Federal credit agencies
Federal deposit insurance corporation
Federal deposit insurance corporation fdic
Federal financing bank
Federal funds
Federal funds market
Federal funds purchased funds
Federal funds rate
Federal home loan banks
Federal home loan mortgage corporation
Federal open market committee
Federal reserve board
Federal reserve system
Gmcs guaranteed mortgage certificates
Government national mortgage association gnma or ginnie mae
Graduated payment mortgage
Gross national product
Guaranty association
Mortgage backed securities
Mortgage backed securities clearing corporation
Mortgage backed securities hedge funds
Mortgage bond
Mortgage duration
Mortgage pass through securities
Mortgage pass through security
Mortgage pipeline
Mortgage pipeline risk
Mortgage rate
Mortgage tax
National association of securities dealers automated quotation system
National association of securities dealers, inc.
National entry control systems
National futures association
National market
Open end mortgage
Real estate mortgage investment conduit
Remic real estate mortgage investment conduit
Reverse mortgage
Savings and loan association
Strip mortgage participation certificate strip pc
Stripped mortgage backed securities
Stripped mortgage backed securities smbss
Wholesale mortgage banking

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