Definition: An active participant in the secondary mortgage market that buys and sells mortgages.
Pronunciation: \ˈfa-nē\ \ˈmā\
Used in a Sentence: A few months after we bought our house our mortgage was sold to Fannie Mae by our lender.
Definition: An active participant in the secondary mortgage market that buys and sells mortgages.
Pronunciation: \ˈfa-nē\ \ˈmā\
Used in a Sentence: A few months after we bought our house our mortgage was sold to Fannie Mae by our lender.