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FNMA

Federal National Mortgage Association. A congressionally chartered corporation which buys mortgages on the secondary Market, pools them and sells them as mortgage-backed securities to investors on the Open market. Monthly Principal and Interest payments are guaranteed by FNMA but not by the U.S. Government. also called Fannie Mae.

Related Terms: 19 Buy, Call, Chart, ECU, Fannie Mae, FNMA, Guarantee, Interest, Inc., Mortgage, Market, Open, Open market, Pool, Principal, Ratio, SEC, Secondary market, Sell
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