Fannie Mae

The official name of the Federal National Mortgage Association, it is a congressionally chartered, shareholder-owned company that buys mortgages from lenders and resells them as securities on the secondary mortgage market.

Related Terms:

1. How Raising Conforming Mortgage Limits Would Impact California Real Estate
2. Buyers Resource Real Estate
3. Equal Credit Opportunity Act (ECOA)
4. Fair Credit Billing Act
5. Fair Housing Act