Description:

FNMA is the ticker symbol for Fannie Mae (Federal National Mortgage Association), a publicly traded company listed on the New York Stock Exchange. Fannie Mae plays a crucial role in the U.S. housing finance system by purchasing mortgages from lenders, thereby providing liquidity and stability to the mortgage market. Although it does not directly originate loans, Fannie Mae buys these loans from banks and other financial institutions, packages them into mortgage-backed securities, and sells them to investors, thus enabling more homeowners to obtain affordable mortgages.

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