Fannie-mae
noun
1.
.
2.
any of the publicly traded securities collateralized by a pool of mortgages backed by the .
/ˈfænɪ meɪ/
noun
1.
(in the US)an informal name for the Federal National Mortgage Association, a private company that buys and sells mortgage debt
n.
1948, from FNMA, acronym of “Federal National Mortgage Association,” established 1938.
noun phrase
A publicly traded security backed by the Federal National Mortgage Association (FNMA), established in 1938 (1948+)
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