Definitions
from The American Heritage® Dictionary of the English Language, 5th Edition.
- noun One of two federally chartered corporations that buy and pool US mortgages and issue securities based on those pools.
from Wiktionary, Creative Commons Attribution/Share-Alike License.
- proper noun finance Widely-used
nickname for the Federal National Mortgage Association (FNMA), astockholder -ownedcorporation sponsored by the US government,established in 1938 and partiallyprivatized in 1968.
from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
- noun a federally chartered corporation that purchases mortgages
Etymologies
from The American Heritage® Dictionary of the English Language, 4th Edition
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Examples
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N.B.: The name Fannie Mae comes from a pronunciation of the acronym FNMA.
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Jamie Dimon : JP-Morgan-Chef ist begeistert vom Euro - Unternehmen - Banken + Versicherungen - Handelsblatt.com Jamie Dimon, Bernie Madoff and the public safety - Steve Denning - RETHINK - Forbes SitandStay 0 minute ago 9:38 AM Jamie Dimon, CEO Chase is calling Fannie Mae and Freddie Mac the biggest disasters?
The Full Feed from HuffingtonPost.com The Huffington Post News Editors 2011
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Under cover of the worthy social goal of extending home ownership to all Americans, that money was generated and deployed by an ingenious, but as it turns out, blind, greedy and occasionally corrupt financial system built on a longstanding and dependable public-private invention called Fannie Mae.
Frank A. Weil: A Prudent Method to Rebuild America Frank A. Weil 2011
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There was this billion dollar moment when the very same Pimco turned a massive about face on its much vaunted investment strategy of quality only, making huge investments in what was then widely recognized as quintessential junk, namely Fannie Mae and Freddie Mac subordinated debt.
Raymond J. Learsy: Did Pimco Play a Role In S&P's Downgrade of U.S.Debt Raymond J. Learsy 2011
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Ms. Warren didn't name Fannie Mae and referred to the industry in general.
Fannie Report Warned of Foreclosure Problems in 2006 Carrick Mollenkamp 2011
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Ls called Fannie Mae and Freddie Mac was asking for trouble.
Rethinking the Bailout Jr. Holman W. Jenkins 2010
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Many investors in subprime loans thought they were buying a sure thing and the quasi-government agencies known as Fannie Mae and Freddie Mac played no small role in encouraging that perception.
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Senator LAMAR ALEXANDER (Republican, Tennessee): The two giant federal housing agencies called Fannie Mae and Freddie Mac, who had almost everything to do with the recession that we're in.
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It is a well-known scandal that the Dodd-Frank financial "reform" bill could not find room in its 2,300 pages to address the government blunder at the center of the housing bubble, namely Fannie Mae and Freddie Mac.
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Well you see there was this billion dollar moment back in September 2008 before PIMCO turned tail on its reputed investment strategy of quality only, and made huge investments in quintessential junk, namely Fannie Mae and Freddie Mac subordinated debt.
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