|
Federal National Mortgage Association| US government-sponsored corporation, founded in 1938 to provide funds for the mortgage market. The FNMA does not offer mortgages directly but works with lenders to make sure funds are available for low- and middle-income families. |
| US government-sponsored corporation that provides funds for the mortgage market. The company aims to ensure that low-, moderate-, and middle-income families can afford to buy their own homes. The FNMA does not offer mortgages directly but works with lenders to make sure funds are available. |
| A crisis in the US system of housing finance, which erupted in 2007, led to emergency intervention by the US federal government in July 2008 to shore up the corporation's finances following a share price collapse, to prevent it defaulting. |
How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
?Sign in  |
|---|
|
|
|