Fannie Mae
noun
FINANCE US ukus trademark
an informal name for the Federal National Mortgage Association: an official organization in the US that buys and sells loans in order to raise money to lend to house buyers. Fannie Mae was taken under Federal government control in 2008:
The US treasury injected $15 billion of capital into Fannie Mae and Freddie Mac to stem the crisis at America’s biggest mortgage firms.
See also
Freddie Mac
Ginnie Mae
[ C, usually plural ]
a bond that is issued by Fannie Mae