Fannie Mae

noun US FINANCE

Definition

› short for Federal National Mortgage Association: an official organization in the US that buys and sells loans in order to raise money to lend to house buyers. Fannie Mae was taken under Federal government control in 2008: The US treasury injected $15 billion of capital into Fannie Mae and Freddie Mac to stem the crisis at America’s biggest mortgage firms. → See also Freddie Mac, Ginnie Mae

› [C, usually plural] a bond that is issued by Fannie Mae

(Definition of Fannie Mae noun from the Cambridge Business English Dictionary © Cambridge University Press)

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