fannie mae

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Word: Fannie Mae

Part of Speech: Noun

Definition: Fannie Mae is a federally chartered corporation in the United States that buys mortgages (loans for buying homes) from banks and other lenders. This helps to provide more money for banks to give more loans to people who want to buy homes.

Usage Instructions:

• Fannie Mae is often mentioned in discussions about home buying, mortgages, and housing finance.
• You can use it when talking about how the housing market works or when discussing home loans.

Example:

• "Many first-time homebuyers rely on Fannie Mae to help them secure a mortgage."

Advanced Usage:

• Fannie Mae plays a significant role in the housing finance system by ensuring that there is a steady flow of money for home loans, which can influence the overall economy.

Word Variants:

• There are no direct variants of "Fannie Mae," but you may encounter similar organizations like "Freddie Mac," which also deals with mortgages.

Different Meanings:

• Fannie Mae is primarily known for its role in the mortgage market, so it does not have other meanings.

Synonyms:

• While "Fannie Mae" is a specific name and does not have a direct synonym, you can refer to it as a "government-sponsored enterprise" (GSE) in a broader context.

Idioms and Phrasal Verbs:

• There are no common idioms or phrasal verbs that use "Fannie Mae," as it is a specific organization name.

Summary:

Fannie Mae is a term you will often see in discussions about home loans and the housing market.

Academic

Noun

1. a federally chartered corporation that purchases mortgages

Synonyms

• Federal National Mortgage Association
• Fannie Mae
• FNMA