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Federal National Mortgage Association

(Encyclopedia)Federal National Mortgage Association (FMNA), commonly known as Fannie Mae, government-sponsored enterprise that is the largest purchaser and guarantor of home mortgages in the country. Headquartered ...

Federal Home Loan Mortgage Corporation

(Encyclopedia)Federal Home Loan Mortgage Corporation, commonly known as Freddie Mac, government-sponsored enterprise that uses private capital to buy home mortgages as a means to help lower housing costs. A sister ...

mortgage

(Encyclopedia)mortgage, in law, device for protecting a creditor by giving him an interest in property of his debtor. In common law a mortgage was a conditional sale; i.e., the mortgagor (debtor) sold realty (real ...

Fannie Mae

(Encyclopedia)Fannie Mae: see Federal National Mortgage Association. ...

Ginnie Mae

(Encyclopedia)Ginnie Mae: see under Federal National Mortgage Association. ...

Federal Deposit Insurance Corporation

(Encyclopedia)Federal Deposit Insurance Corporation (FDIC), an independent U.S. federal executive agency designed to promote public confidence in banks and to provide insurance coverage for bank deposits up to $250...

savings and loan association

(Encyclopedia)savings and loan association (S&L), type of financial institution that was originally created to accept savings from private investors and to provide home mortgage services for the public. The fir...

National Education Association

(Encyclopedia)National Education Association (NEA), organization of professional educators in the United States, with almost 2.5 million members. The NEA was founded (1850) as the National Teachers Association, cha...

Federal Hall National Memorial

(Encyclopedia)Federal Hall National Memorial: see National Parks and Monuments (table)national parks and monuments (table). ...

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