What is Foolsaurus?

It's a glossary of investing terms edited and maintained by our analysts, writers and YOU, our Foolish community.

Federal National Mortgage Association

The Federal National Mortgage Association FNM, or more familiarly, "Fannie Mae", is a government-sponsored private corporation authorized to purchase and sell mortgages, which increases the affordability and availability of mortgages. Also charged by the federal government with facilitating the orderly operation of a secondary market for home mortgages.

Related Terms

Recent Mentions on Fool.com