What is "fannie mae"

1948, from FNMA, acronym of "Federal National Mortgage Association," established 1938.

The Federal National Mortgage Association (FNMA), commonly known as Fannie Mae, is a government-sponsored enterprise (GSE) and, since 1968, a publicly traded company. Founded in 1938 during the Great Depression as part of the New Deal, the corporation's purpose is to expand the secondary mortgage market by securitizing mortgages in the form of mortgage-backed securities (MBS), allowing lenders to reinvest their assets into more lending and in effect increasing the number of lenders in the mortgage market by reducing the reliance on locally based savings and loan associations (or "thrifts"). Its brother organization is the Federal Home Loan Mortgage Corporation (FHLMC), better known as Freddie Mac.

"Fannie Mae" is a 1959 song written and performed by American blues and R&B singer Buster Brown.

The harmonica riffs of the song took it into the U.S. Top 40, and to #1 on the R&B chart in April 1960.