The Federal National Mortgage Association (FNMA) is a government-sponsored enterprise (GSE) established to stimulate the housing market by making mortgages more affordable to borrowers. Fannie Mae does not actually originate mortgages. Instead, it purchases and guarantees them after origination in order to create more liquidity for lenders and, by extension, enable them to make more loans.
Filed under Funding
Related terms
Keep going with Think
The free membership brings the E-Zine, the newsletter and event replays to your inbox.
Join free