Fannie Mae
or Fanny Mae
noun
any of the publicly traded securities collateralized by a pool of mortgages backed by the Federal National Mortgage Association.
Compare
Freddie Mac,
Ginnie Mae.
Origin of Fannie Mae
altered from
FNMA, the association's initials
British Dictionary definitions for fannie mae
Fannie Mae
/ (ˈfænɪ meɪ) /
noun
(in the US)an informal name for the Federal National Mortgage Association, a private company that buys and sells mortgage debt
Word Origin for Fannie Mae
C20: altered from the initials FNMA