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Federal National Mortgage Association
(redirected from Federal National Mortgage Association Charter Act)

    Also found in: Legal, Financial, Encyclopedia, Wikipedia 0.07 sec.

Federal National Mortgage Association

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.

The FNMA was founded by US congress in 1938 and privatized in 1968. It is one of the largest corporations in the USA.
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