From Longman Dictionary of Contemporary EnglishFannie MaeFan‧nie Mae /ˌfæni ˈmeɪ/ a US financial institution which buys and sells loans and mortgages to banks and other institutions, but does not deal directly with ordinary borrowers. Its full name is the Federal National Mortgage Association (FNMA).From Longman Business DictionaryFannie MaeFan‧nie Mae /ˌfæni ˈmeɪ/ noun1ORGANIZATIONSFINANCEBANKINGan informal name for the FEDERAL NATIONAL MORTGAGE ASSOCIATION2[countable usually plural]FINANCE bonds issued by the Fannie Mae