Federal National Mortgage Association: Meaning and Definition of

Fed'eral Na'tional Mort'gage Associa"tion

Pronunciation: [key]
  1. a U.S. government-sponsored private corporation whose chief function is to supply funds for home mortgages through continuous purchases of mortgages from lending institutions. Abbr.: FNMA
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.