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Glossary   >   F   >   "Federal National Mortgage Association (Fannie Mae)" Definition            Federal National Mortgage Association (Fannie Mae) The publicly-owned, government-sponsored corporation chartered in 1938 to purchase mortgages from lenders and resell them to investors. Known by the nickname Fannie Mae, it packages mortgages backed by the Federal Housing Administration, but also sells some non-governmentally backed mortgages. Glossary    Dictionary Search (powered by Google) WWW ITLOCUS.COM GLOSSARY.ITLOCUS.COM Translate a web page (powered by Google)      to German Spanish French Italian Portuguese Japanese Korean Chinese

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Federal National Mortgage Association (Fannie Mae) - The publicly-owned, government-sponsored corporation chartered in 1938 to purchase mortgages from lenders and resell them to investors. Known by the nickname Fannie Mae, it packages mortgages backed by the Federal Housing Administration, but also sells some non-governmentally backed mortgages.