Resources > Glossary > Federal National Mortgage Association

Glossary of Notary Public, Mortgage, Signing Agent, and Loan Signing Terms.

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Common Terms 1   Common Terms 2

Federal National Mortgage Association

Function: noun

Definition 1:
Also known as "Fannie Mae". A tax-paying corporation created by Congress that purchases and sells conventional residential mortgages as well as those insured by FHA or guaranteed by the VA. This institution, which provides funds for one in seven mortgages, makes mortgage money more available and more affordable.