Federal National Mortgage Association definitions
| Word backwards | laredeF lanoitaN egagtroM noitaicossA |
|---|---|
| Part of speech | The part of speech of the phrase "Federal National Mortgage Association" is a proper noun. |
| Syllabic division | Fed-er-al Na-tion-al Mor-tgage As-so-cia-tion |
| Plural | The plural form of the word Federal National Mortgage Association is Federal National Mortgage Associations. |
| Total letters | 34 |
| Vogais (5) | e,a,i,o,a |
| Consonants (12) | f,d,r,l,n,t,m,g,a,s,c |
Federal National Mortgage Association (Fannie Mae)
Federal National Mortgage Association, commonly known as Fannie Mae, is a government-sponsored enterprise (GSE) established in 1938 during the Great Depression to provide stability, liquidity, and affordability to the US housing and mortgage markets.
Fannie Mae operates in the secondary mortgage market, which means it purchases mortgages originated by lenders, pools them, and sells them as mortgage-backed securities to investors. This process allows lenders to make new loans, providing more liquidity to the market.
Role and Mission
Fannie Mae plays a crucial role in making homeownership more accessible by ensuring that mortgage lenders have a continuous supply of funds to lend to homebuyers. Its mission is to provide liquidity, stability, and affordability to the housing market.
Regulation and Oversight
While Fannie Mae is a government-sponsored enterprise, it is a publicly traded company and operates under a federal charter. The Federal Housing Finance Agency (FHFA) regulates and oversees Fannie Mae to ensure its compliance with housing goals and financial safety.
securitization, liquidity, government-sponsored enterprise, secondary mortgage market
Overall, Fannie Mae plays a significant role in the US housing market by providing liquidity, stability, and affordability to both lenders and borrowers, ultimately promoting homeownership and economic growth.
Federal National Mortgage Association Examples
- Investors can purchase mortgage-backed securities issued by the Federal National Mortgage Association.
- The Federal National Mortgage Association, also known as Fannie Mae, plays a crucial role in the secondary mortgage market.
- Homebuyers with lower credit scores may be eligible for loans backed by the Federal National Mortgage Association.
- The Federal National Mortgage Association was established in 1938 to provide stability in the housing market.
- Many lenders sell the loans they originate to the Federal National Mortgage Association to free up capital for more lending.
- The Federal National Mortgage Association helps to provide liquidity in the mortgage market by buying and selling mortgages.
- Fannie Mae, the Federal National Mortgage Association, is a government-sponsored enterprise that operates under federal charter.
- The Federal National Mortgage Association sets guidelines for the types of loans that can be purchased through their platform.
- Fannie Mae's mission is to provide access to affordable mortgage credit for all Americans.
- The Federal National Mortgage Association has been instrumental in expanding access to homeownership for many Americans.