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A New York stock exchange company. It is a public company that operates under a federal charter and is the nation’s largest source of financing for home mortgages. Fannie Mae does not lend money directly to consumers, but instead works to ensure that mortgage funds are available and affordable, by purchasing mortgage loans from institutions that lend directly to consumers.
-A private corporation that specializes in buying primarily FHA and Va loans. Formerly called the “Federal National Mortgage Association (FNMA).”

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