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Fannie Mae

 

FNM

Federal National Mortgage Association, operating as Fannie Mae in the United States, is a source of financing for home mortgages. Federal National Mortgage Association was chartered by the U.S. Congress to provide liquidity in the secondary mortgage market to increase the availability and affordability of homeownership for low to middle-income Americans. Fannie Mae's charter limits its operations to activities related to housing, mortgages and related financial products. Fannie Mae's business activities are associated with national policies that support the expansion of homeownership in America, and serve to increase the total amount of funds available to finance housing. Though chartered by Congress, Fannie Mae's's business is self-sustaining and funded exclusively with private money. The United States government does not guarantee, directly or indirectly, Fannie Mae's securities or other obligations.

 

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