What does Fannie Mae stand for?
Federal National Mortgage Association
Financial National Mortgage Agency
Federal National Mortgage Agency
Federal National Mortgage Administration
Answer
Fannie Mae stands for the Federal National Mortgage Association. It is a government-sponsored enterprise (GSE) founded in 1938 as part of the New Deal to expand the secondary mortgage market by securitizing mortgage loans.
The Fannie Mae Quiz: How Well Do You Know this Government-Backed Financial Services Company?
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