What is the meaning of FREE-MARKET SYSTEM AUCTION?

FREE-MARKET SYSTEM AUCTION is a periodic auction conducted by the Federal National Mortgage Association, at which commitments to purchase mortgages are issued. Approved lenders specify a dollar amount and yield to FNMA.

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APABarry Goldsmith. (2010). free-market system auction. Retrieved October 2, 2026, from http://smartdefine.org/free-market_system_auction/definitions/1154559
ChicagoBarry Goldsmith. 2010. "free-market system auction" http://smartdefine.org/free-market_system_auction/definitions/1154559 (accessed October 2, 2026).
HarvardBarry Goldsmith 2010, free-market system auction, Smart Define, viewed 2 October, 2026, <http://smartdefine.org/free-market_system_auction/definitions/1154559>.
MLABarry Goldsmith. "free-market system auction" 21 October 2010. Web. 2 October 2026. <http://smartdefine.org/free-market_system_auction/definitions/1154559>