Fannie Mae Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “Fannie Mae” in the English Dictionary

"Fannie Mae" in British English

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Fannie Maenoun

uk   us   /fæn.iˈmeɪ/ trademark
Federal National Mortgage Association: a US ​governmentorganization that ​buys and ​sells loans (= ​money that has been ​borrowed) on the ​financialmarkets in ​order to ​raise more ​money to ​lend to ​homebuyers
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(Definition of Fannie Mae from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"Fannie Mae" in Business English

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Fannie Maenoun

uk   us   US FINANCE
short for Federal National Mortgage Association: an ​officialorganization in the US that ​buys and ​sellsloans in ​order to ​raisemoney to ​lend to ​housebuyers. Fannie Mae was taken under Federal ​governmentcontrol in 2008: The US treasury ​injected $15 ​billion of ​capital into Fannie Mae and Freddie Mac to stem the ​crisis at America’s biggest ​mortgagefirms.
[C, usually plural] a ​bond that is ​issued by Fannie Mae
(Definition of Fannie Mae from the Cambridge Business English Dictionary © Cambridge University Press)
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“Fannie Mae” in Business English

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