|
Definition of Fannie mae
1. Noun. A federally chartered corporation that purchases mortgages.
Definition of Fannie mae
1. Proper noun. (finance) Widely-used nickname for the Federal National Mortgage Association (FNMA), a stockholder-owned corporation sponsored by the US government, established in 1938 and partially privatized in 1968. ¹
¹ Source: wiktionary.com