Related to Fannie Mae:Freddie Mac Fan·nie Mae (făn′ē mā′) n. One of two federally chartered corporations that buy and pool US mortgages and issue securities based on those pools. [Alteration ofF(ederal) N(ational) M(ortgage) A(ssociation).] ...
Fannie Mae is a government-sponsored enterprise (GSE) that helps expand the liquidity of home mortgages by creating a secondary mortgage market. Although Fannie Mae does not lend money directly to consumers, it purchases and guarantees loans from lenders, freeing up those lenders to make new loans...
Fannie Mae was a Depression-era creation that was charged with establishing a secondary market for home loans. By purchasing qualifying residential mortgages from individual home loan issuers, Fannie Mae provided these institutions with funds for the continued issuance of mortgages, thereby promoting the...
This resulted in Citi selling to GSEs such as Fannie Mae and Freddie Mac pools of loans that were considerably defective and thus likely to default. Citi had also approved hundreds of millions of dollars' worth of defective mortgage ... Adam,Waytz,Vasilia,... - 《Kellogg School of Managemen...
S&P expects that the Treasury Department does not need to inject additional capital into Fannie Mae until the end of 2008. S&P believes that prices of domestic automakers reflect optimism regarding funding of $25 billion of low-cost loans.
Fannie Mae was a Depression-era creation that was charged with establishing a secondary market for home loans. By purchasing qualifying residential mortgages from individual home loan issuers, Fannie Mae provided these institutions ...