FNMA is an acronym used in mortgage programs. What does it stand for?

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Multiple Choice

FNMA is an acronym used in mortgage programs. What does it stand for?

Explanation:
FNMA tests your knowledge of what this mortgage acronym stands for. The official expansion is Federal National Mortgage Association. This is the organization created to support the mortgage market by purchasing mortgages from lenders and providing liquidity, a role commonly referred to as Fannie Mae. The other endings—Agency, Alliance, Authority—do not match the actual designation, since the entity is an Association, not an Agency, Alliance, or Authority.

FNMA tests your knowledge of what this mortgage acronym stands for. The official expansion is Federal National Mortgage Association. This is the organization created to support the mortgage market by purchasing mortgages from lenders and providing liquidity, a role commonly referred to as Fannie Mae. The other endings—Agency, Alliance, Authority—do not match the actual designation, since the entity is an Association, not an Agency, Alliance, or Authority.

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