Meaning of “Fannie Mae” in the English Dictionary

"Fannie Mae" in Business English

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Fannie Maenoun

uk us US FINANCE

trademark an informal name for the 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.

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

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