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LSDefine

Simple English definitions for legal terms

Federal National Mortgage Association

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A quick definition of Federal National Mortgage Association:

Federal National Mortgage Association (FNMA), also known as Fannie Mae, is a company that helps people buy and sell mortgages. It is owned by private individuals but is regulated by the United States government. FNMA provides a place where people can buy and sell mortgages that are guaranteed by the Veterans Administration or insured under the Federal Housing Administration. This helps make it easier for people to get a mortgage and for banks to lend money for mortgages.

A more thorough explanation:

The Federal National Mortgage Association, also known as Fannie Mae, is a corporation that is privately owned and managed but is chartered by the U.S. government. Its main purpose is to provide a secondary mortgage market for the purchase and sale of mortgages that are guaranteed by the Veterans Administration and those insured under the Federal Housing Administration.

For example, if a bank lends money to a homebuyer and that loan is guaranteed by the Veterans Administration, the bank can sell that loan to Fannie Mae. Fannie Mae then packages that loan with other loans and sells them to investors as mortgage-backed securities. This allows the bank to free up capital to make more loans, while investors can earn a return on their investment.

Fannie Mae plays an important role in the housing market by providing liquidity to the mortgage market, which helps to keep interest rates low and makes it easier for people to buy homes.

Federal Motor Carrier Safety Administration | Federal Parent Locator Service

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9:32
[kevin oleary]
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
WorthlessAttractiveZombie
9:34
I mean if Fordham doesn't release today I will purposefully get on a train, go to new york, and then take the stinkiest shit inside the admission office's toilet (potentially clogging it and forcing them to get a plumber)
IS IT ONLY ON MY END WHY DID THAT SEND TEN MILLION TIMES
HELLO
WorthlessAttractiveZombie
9:35
it sent a million times lol
WHAT HAPPENED
yeah i thought you were tweaking for a second
i'm so sorry everyone what the actual fuck this website hates me
WorthlessAttractiveZombie
9:35
Jack's just tweaking on LSD no biggie
to be fair this accurately represents my mental state
election day psychosis coming in hot (fordham)
usc pls pull through .....
i literally just need one A so i can relax before my ED decision
WorthlessAttractiveZombie
9:38
oh that's right USC might release
soapy
9:43
USC still has not looked at my app
WorthlessAttractiveZombie
9:43
when did you submit soapy?
soapy
9:44
10/16
WorthlessAttractiveZombie
9:44
to be fair it took them almost 2 months for me to go under review
soapy
9:44
Feelin a bit stressed, as I've got no date change for Michigan either despite applying 10/7
WorthlessAttractiveZombie
9:45
I have not had a date change either for Mich but I've seen people get in without one so who knows
I applied 9/25 to like 6 schools and some (Houston) have no date change yet so dw
soapy
9:46
But do people get in without addresses going long?
WorthlessAttractiveZombie
9:46
it's tough to tell because a lot of people type out their addresses long to begin with
soapy
9:46
Ah. I didn't. Looking back, my Mich supplement kind of sucks, so there's that
Mich overrated (Dean Z please let me in even tho i didnt apply and I am below both 25ths)
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