What is Federal National Mortgage Association (FNMA), Fannie Mae?
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Federal National Mortgage Association (FNMA), Fannie Mae Federal National Mortgage Association (FNMA), Fannie Mae

A tax-paying corporation created by Congress that purchases and sells conventional residential mortgages as well as those insured by FHA or guaranteed by VA. This institution, which provides funds for one in seven mortgages, makes mortgage money more available and more affordable.

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