federal home loan mortgage corporation (Meaning)
federal home loan mortgage corporation (n)
a corporation authorized by Congress to provide a secondary market for residential mortgages
Synonyms & Antonyms of federal home loan mortgage corporation
No Synonyms and anytonyms found
federal home loan mortgage corporation Sentence Examples
- The Federal Home Loan Mortgage Corporation, often known as Fannie Mae, is a United States government-sponsored enterprise created in 1938 to expand the secondary market for mortgages.
- As of 2022, Fannie Mae holds about $3.6 trillion in residential mortgages, making it the largest single source of mortgage financing in the United States.
- The company's mission is to provide liquidity, stability, and affordability to the U.S. housing market by purchasing mortgages from lenders and securitizing them into mortgage-backed securities.
- Fannie Mae is regulated by the Federal Housing Finance Agency (FHFA), which oversees its safety and soundness and ensures that it is fulfilling its mission.
- The company is authorized to issue up to $3.1 trillion in mortgage-backed securities, which are guaranteed by the full faith and credit of the United States government.
- Fannie Mae's mortgage-backed securities are attractive to investors because they are considered to be among the safest and most liquid investments available.
- The company's activities help to keep mortgage rates low and make it easier for families to buy homes.
- Fannie Mae also works to promote affordable housing by providing financial incentives to lenders who make loans to low- and moderate-income borrowers.
- In 2010, Fannie Mae was placed into conservatorship by the FHFA, which means that the government temporarily took control of the company.
- The conservatorship ended in 2018, and Fannie Mae is now again a private company.
FAQs About the word federal home loan mortgage corporation
a corporation authorized by Congress to provide a secondary market for residential mortgages
No synonyms found.
No antonyms found.
The Federal Home Loan Mortgage Corporation, often known as Fannie Mae, is a United States government-sponsored enterprise created in 1938 to expand the secondary market for mortgages.
As of 2022, Fannie Mae holds about $3.6 trillion in residential mortgages, making it the largest single source of mortgage financing in the United States.
The company's mission is to provide liquidity, stability, and affordability to the U.S. housing market by purchasing mortgages from lenders and securitizing them into mortgage-backed securities.
Fannie Mae is regulated by the Federal Housing Finance Agency (FHFA), which oversees its safety and soundness and ensures that it is fulfilling its mission.
