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Definition of

Fannie Mae


US institution financing housing the largest source of financing for housing in the United States, which funds mortgages by issuing debt securities in US and international securities markets. Fannie Mae was created in 1938 as a federal agency and chartered in 1968 by the US Congress as a stockholder-owned private company. On September 7, 2008, after Fannie Mae reported billions of dollars in losses from subprime loans, its government regulatory agency, the Federal Housing Finance Agency put Fannie Mae under its conservatorship. In addition, the US Treasury agreed to provide up to $100 billion of capital as needed to ensure Fannie Mae's continued operation.

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Definitions of ’Fannie Mae’ and meaning of ’Fannie Mae’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’Fannie Mae’ and other financial terms with our online QFINANCE Financial Dictionary.

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