Business and Personal Finance Dictionary

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• FNMA 30 YEAR MORTGAGE COMMITMENT DELIVERY 60 DAYS
  
  FNMA is the Federal National Mortgage Association, commonly known as Fannie Mae. It purchases Federal Home Administration, Veterans Affairs and conventional mortgages from primary lenders and sells them to investors. The index measures mortgage commitments for delivery within 30 to 60 days; that is the required net yield on mortgage loans that lenders sell to FNMA, which in turn sells them to investors.
  
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