Freddie Mac

SMART Vocabulary: related words and phrases

Mortgages & real estate
blockbusting
brick
bricks and mortaridiom
BTL
buy-to-let
chain
equity
landlady
letting
mortgagee
planning blight
real estate broker
real estate office
Realtor
realty
realty office
refinance
remortgage
repo
repossess

Fannie Mae | Business English

Fannie Mae
noun
 FINANCE USukus
trademark
an informal name for the Federal National Mortgage Association: an official organization in the US that buys and sells loans in order to raise money to lend to house buyers. Fannie Mae was taken under Federal government control in 2008:
The US treasury injected $15 billion of capital into Fannie Mae and Freddie Mac to stem the crisis at America’s biggest mortgage firms.
See also