what does fany stand for

Founded in 1938 during the Great Depression as part of the New Deal,[3] the corporation's purpose is to expand the secondary mortgage market by securitizing mortgage loans in the form of mortgage-backed securities (MBS),[4] 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"). Looking for online definition of FANY or what FANY stands for? FANY WW2 Abbreviation Meaning - All Acronyms Because of the size, scale, and scope of the United States single-family residential and commercial residential markets, market participants viewed Fannie Mae corporate debt as having a very high probability of being repaid. We compiled queries of the FANY abbreviation in Nursing in search engines. connor-johnston-2005. Military (1) [6], Historically, most housing loans in the early 1900s in the United States were short term mortgage loans with balloon payments. Business Toronto Stock Exchange. (Most of the time.). 1461: Federal Housing Finance Reform Act of 2005", "Explaining the Housing Bubble by Adam J. Levitin, Susan M. Wachter", "Loan-Agency Woes Swell From a Trickle to a Torrent", "Woes at Loan Agencies and Oil-Price Spike Roil Markets", "Statement of FHFA Director James B. Lockhart", "Fact Sheet: Questions and Answers on Conservatorship", "Treasury to Rescue Fannie and Freddie: Regulators Seek to Keep Firms' Troubles From Setting Off Wave of Bank Failures", "Fannie Mae, Freddie Mac to be Put Under Federal Control, Sources Say", "U.S. Another lawsuit filed earlier in Orange County Superior Court, this one for wrongful termination, has been filed against Fannie Mae by an employee who claims she was fired when she tried to alert management to kickbacks. First aid nursing yeomanary . 160 Synonyms & Antonyms of PEACE - Merriam-Webster First Aid Nursing Yeomanry. By 1933, an estimated 20 to 25% of the nation's outstanding mortgage debt was in default. In late 2004, Fannie Mae was under investigation for its accounting practices. FANY - First Aid Nursing Yeomanry in Governmental & Military by The Royal Army Medical Corp What did the RAMC do? This is known as the "conforming loan limit". As a result, home prices declined as increasing foreclosures added to the already large inventory of homes and stricter lending standards made it more and more difficult for borrowers to get loans. Freddie Mac also offers a suite of education information geared at both homebuyers and renters. I Rate it: FAY. Government-sponsored enterprises are costly to the government and taxpayers the benefit is currently worth $6.5 billion annually. ", "General Records of the Department of Housing and Urban Development", National Archives and Records Administration, "12 U.S. Code Chapter 13, Subchapter III - National Mortgage Associations | LII / Legal Information Institute", "George Bush: Statement on Signing the Housing and Community Development Act of 1992", "12 U.S. Code 4501 - Congressional findings | LII / Legal Information Institute", "12 U.S. Code 4562 - Single-family housing goals | LII / Legal Information Institute", "Fannie Mae Eases Credit To Aid Mortgage Lending", "Key Figures in the Financial Crisis: Franklin Raines and Daniel Mudd", "Opening Statement as Submitted to the U.S. House Committee on Financial Services", "Fannie Mae's Loss Risk Is Larger, Computer Models Show", "The Black Swan: Quotes & Warnings that the Imbeciles Chose to Ignore", http://www.govtrack.us/congress/record.xpd?id=109-s20050126-53&bill=s109-190#sMonofilemx003Ammx002Fmmx002Fmmx002Fmhomemx002Fmgovtrackmx002Fmdatamx002Fmusmx002Fm109mx002Fmcrmx002Fms20050126-53.xmlElementm39m0m0m, "S. 190: Federal Housing Enterprise Regulatory Reform Act of 2005", "H.R. We're doing our best to make sure our content is useful, accurate and safe.If by any chance you spot an inappropriate comment while navigating through our website please use this form to let us know, and we'll take care of it shortly. List of 1 best FANNY meaning form based on popularity. In a nutshell, these two government-sponsored enterpriseshybrids of government agencies and private corporationshelp thousands of Americans get loans for homes, so it pays to familiarize yourself with what they do in more detail. Why does the word 'fanny' mean something different in the US - Quora As loan originators began to distribute more and more of their loans through private label PLS's, the GSEs lost the ability to monitor and control loan originators. OFHEO annually sets the limit of the size of a conforming loan based on the October to October changes in mean home price, above which a mortgage is considered a non-conforming jumbo loan. Fanny. Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/fanny. [84], In 2011, the agency had a number of other big banks in the crosshairs as well. Cracking the Code to the German Double S Why Does Mean "Double S" in German? Y [37] Fannie Mae and smaller Freddie Mac owned or guaranteed a massive proportion of all home loans in the United States and so were especially hard hit by the slump. What is the shortened form of Festival Across New York? The proposed JPMorgan settlement covers only civil charges, and would not settle the question of whether any individual executives engaged in wrongdoing. Fannie Mae stands for the Federal National Mortgage Association, or FNMA. 2 languages Read Edit View history Tools The First Aid Nursing Yeomanry (Princess Royal's Volunteer Corps) ( FANY (PRVC)) is a British independent all-female registered charity [1] formed in 1907 and active in both nursing and intelligence work during the World Wars. In testimony before the House and Senate Banking Committee in 2004, Alan Greenspan expressed the belief that Fannie Mae's (weak) financial position was the result of markets believing that the U.S. Government would never allow Fannie Mae (or Freddie Mac) to fail.[72]. Whether youre shopping for a mortgage or just occasionally skim financial news headlines, youve probably heard of Fannie Mae. Click to reveal [38], Fannie stock plunged. [90], "FNMA" redirects here. The Federal Housing Finance Agency directed the delisting after Fannie's stock traded below $1 a share for over 30 days. [69] Vernon L. Smith, recipient of the Sveriges Riksbank Prize in Economic Sciences, has called FHLMC and FNMA "implicitly taxpayer-backed agencies". COMPANY. Fannie Mae and Freddie Mac were allowed to hold less capital than normal financial institutions: e.g., they were allowed to sell mortgage-backed securities with only half as much capital backing them up as would be required of other financial institutions. Get instant explanation for any acronym or abbreviation that hits you anywhere on the web. List of 3 best FANY meaning forms based on popularity. [30] Sen. John McCain's decision to become a cosponsor of S.190 almost a year later in 2006 was the last action taken regarding Sen. Hagel's bill in spite of developments since clearing the Senate Committee. This consent applies even if you are on a corporate, state or national Do Not Call list. Out of its multiple usage, FANY can be used in any of the following field(s): All the possible full forms of FANY are provided below with meaning and definition. Want to know how to pronounce this name? E FANY stands for "First Aid Nursing Yeomanry". Looking for online definition of FANNY or what FANNY stands for? What does FANNY abbreviation stand for? [55], Fannie Mae's 2014 financial results enabled it to pay $20.6 billion in dividends to Treasury for the year, resulting in a cumulative total of $134.5 billion in dividends through December 31, 2014 approximately $18 billion more than Fannie Mae received in support. He then resigned from CoreLogic. [42] The major banks have since been sued by the Feds for a sum of $200,000,000, and some of the major banks have already settled. WF Evacuation chain revision Flashcards | Quizlet The three were accused of manipulating Fannie Mae earnings to maximize their bonuses. In German, the letter is known as the eszett or scharfes (sharp) S. It's a special character, similar to the German umlaut you're probably used to seeing by now. Q: A: What is the meaning of FANY abbreviation? Mortgages last reviewed: AUG 05, 2016 What are Fannie Mae and Freddie Mac? As of March 31, 2015, Fannie Mae expects to have paid a total of $136.4 billion in payments to the Treasury.[58][59][60][61]. F*** All You. [63], Fannie Mae is a purchaser of mortgages loans and the mortgages that secure them, which it packages into mortgaged-backed securities (MBS). 1461 is considerably weaker than that which governs other large, complex financial institutions. FANY have more than multiple meanings and one must understand the context of the text to pick out the correct definition of FANY. Often, banks would offload this risk to insurance companies or other counterparties through credit default swaps, making their actual risk exposures extremely difficult for investors and creditors to discern. For example, Tom Lund, the head of our single-family mortgage business, publicly stated, "One of the things we don't feel good about right now as we look into this marketplace is more homebuyers being put into programs that have more risk. Fannie Mae also earns a significant portion of its income from guaranty fees it receives as compensation for assuming the credit risk on mortgage loans underlying its single-family Fannie Mae MBS and on the single-family mortgage loans held in its retained portfolio. [87] The bill would require that the cost of direct loans or loan guarantees be recognized in the federal budget on a fair-value basis using guidelines set forth by the Financial Accounting Standards Board. The essence of the given name Fany stands for innovation, independence, determination, courage, sincerity and activity. The July 30, 2008, law enabling expanded regulatory authority over Fannie Mae and Freddie Mac increased the national debt ceiling US$800 billion, to a total of US$10.7 trillion in anticipation of the potential need for the Treasury to have the flexibility to support the federal home loan banks. Krishna Guha, Saskia Scholtes, James Politi: "Saviours of the suburbs", HUD 2002 Annual Housing Activities Report. One of the definitions of FANY is "First . Originally chartered as the National Mortgage Association of Washington, the organization's explicit purpose was to provide local banks with federal money to finance home loans in an attempt to raise levels of home ownership and the availability of affordable housing. J circa 1835, in the meaning defined at sense 1. Is a Mortgage Pre-Approval Letter Necessary to Make an Offer on a House? [19] The Act amended the charter of Fannie Mae and Freddie Mac to reflect the Democratic Congress' view that the GSEs "have an affirmative obligation to facilitate the financing of affordable housing for low- and moderate-income families in a manner consistent with their overall public purposes, while maintaining a strong financial condition and a reasonable economic return". Our content is doctor approved and evidence based, and our community is moderated, lively, and welcoming.With thousands of award-winning articles and community groups, you can track your pregnancy and baby's growth, get answers to your toughest questions, and connect with . [86], On May 8, 2013, Representative Scott Garrett introduced the Budget and Accounting Transparency Act of 2014 (H.R. Over the past few years, more than a dozen firms chose to settle similar allegations brought by the FHFA rather than face a court battle. Epiphany, also called Feast of the Epiphany, Theophany, or Three Kings' Day, (from Greek epiphaneia, "manifestation"), Christian holiday commemorating the first manifestation of Jesus Christ to the Gentiles, represented by the Magi, and the manifestation of his divinity, as it occurred at his baptism in the Jordan River and at his first miracle,. C [64] By purchasing the mortgages, Fannie Mae and Freddie Mac provide banks and other financial institutions with fresh money to make new loans. FN = Fannie, MA = Mae. They are thebehemoths of the housing finance sector, owning or guaranteeing nearly half of all the residential mortgages in the United States, saysDavid Reiss, professor of law and academic program director at the Center for Urban Business Entrepreneurship at Brooklyn Law School. Custom DU: A Web-Based Business User-Driven Automated Underwriting System. What does FANY stand for? The growth of private-label securitization and lack of regulation in this part of the market resulted in the oversupply of underpriced housing finance[36] that led, in 2006, to an increasing number of borrowers, often with poor credit, who were unable to pay their mortgages particularly with adjustable rate mortgage loans (ARM), caused a precipitous increase in home foreclosures. The FHFA is reportedly seeking $4 billion from JPMorgan to resolve its claims over $33 billion worth of securities sold to Fannie and Freddie by JPMorgan, Bear Stearns and WaMu. Accessed 1 Jul. Fanny is a feminine given name. What does FANY stand for Medical? Mudd said last week that the government approved Fannie Mae's disclosures during his tenure. Academic & Science. [36] The growth of PLS, however, forced the GSEs to lower their underwriting standards in an attempt to reclaim lost market share to please their private shareholders. [10] Other considerations may have motivated the New Deal focus on the housing market: about a third of the nation's unemployed were in the building trade, and the government had a vested interest in getting them back to work by giving them homes to build.[12]. Your IP: The GSEs only buy loans that are conforming to repackage into the secondary market, lowering the demand for non-conforming loans. Piszel was not among the executives charged in December 2011. Born to be an executive. [70] The Economist has referred to "the implicit government guarantee"[71] of FHLMC and FNMA. [84] Piszel had been succeeded at Freddie by David Kellermann. 2011-267; December 16, 2011", "SEC charges 6 ex-Fannie, Freddie execs with fraud", "Daniel Mudd, ex-Fannie Mae CEO, takes leave of absence [sic] from hedge fund firm", "More banks in the crosshairs after JPMorgan deal", "Kickbacks as 'a natural part of business' at Fannie Mae alleged", "Judge Rules Against Nomura in FHFA Suit Over Sales to Fannie, Freddie", "Frank Raines - 25 People to Blame for the Financial Crisis", "The 10 Greatest CEOs Of All Time What these extraordinary leaders can teach today's troubled executives. [62] By August 2008, Fannie Mae's mortgage portfolio was in excess of $700 billion. Unfortunately, Fannie Mae-quality, safe loans in the subprime market did not become the standard, and the lending market moved away from us. And for that matter, what about her buddyFreddieMac? 103.237.144.226 Fannie and Freddie bonds were owned by everyone from the Chinese government, to money market funds, to the retirement funds of hundreds of millions of people. What is Fannie Mae? What is Freddie Mac? Know Their Roles - realtor.com [27] Nassim Taleb wrote in The Black Swan: "The government-sponsored institution Fannie Mae, when I look at its risks, seems to be sitting on a barrel of dynamite, vulnerable to the slightest hiccup. S History to be printed out. 16 . How Much Home Can I Afford? You can email the site owner to let them know you were blocked. Click to reveal Definition of peace 1 as in peacefulness a state without war after a long and bitter war, the troubled region finally achieved peace Synonyms & Similar Words Relevance peacefulness stability harmony tranquillity serenity quiet tranquility calm amity concord pacification accord order Antonyms & Near Antonyms war conflict strife trouble discord The First Aid Nursing Yeomanry (FANY) was founded in 1907 by Captain Edward Baker. Kellermann committed suicide during his tenure at Freddie. Those who joined the First Aid Nursing Yeomanry were sent to battlefronts in both World War One and World War Two. Fannie also made it easier for banks and lenders to issue loans and many of the FHA-backed loans issued in the 1930s and 1940s were purchased by FNMA. On September 7, 2008, James Lockhart, director of the Federal Housing Finance Agency (FHFA), announced that Fannie Mae and Freddie Mac were being placed into conservatorship of the FHFA. [5] Its brother organization is the Federal Home Loan Mortgage Corporation (FHLMC), better known as Freddie Mac. One significant failure of medicine on the Western Front was not recognising this terrible condition. What do the initials FANY stand for? However, borrowers dont go directly to Fannie Mae and request a loan. O In 1999, Fannie Mae came under pressure from the Clinton administration to expand mortgage loans to low and moderate income borrowers by increasing the ratios of their loan portfolios in distressed inner city areas designated in the Community Reinvestment Act (CRA) of 1977. A quiz to (peak/peek/pique) your interest. Fannie Mae reduces the risk for banks and guarantees a lender wont lose money if a borrower defaults. Following their mission to meet federal Housing and Urban Development (HUD) housing goals, GSEs such as Fannie Mae, Freddie Mac and the Federal Home Loan Banks (FHLBanks) had striven to improve home ownership of low and middle income families, underserved areas, and generally through special affordable methods such as "the ability to obtain a 30-year fixed-rate mortgage with a low down payment and the continuous availability of mortgage credit under a wide range of economic conditions". 1872; 113th Congress), "Fannie Mae Names Sheila C. Bair as New Chair of the Board of Directors | Fannie Mae", "Federal National Mortgage Association 2022 Annual Report (Form 10-K)", "A Brief History of Fannie Mae and Freddie Mac", "The history of Fannie mae - About us - History", "A Brief History of the Housing Government Sponsored Enterprises", "History News Network | What Are the Origins of Freddie Mac and Fannie Mae? "[75], FNMA is a financial corporation which uses derivatives to "hedge" its cash flow. Cloudflare Ray ID: 7dff68a58ddb2869 B Think of them as an invisible co-signer on your home mortgage. What is Freddie Mac? window.dataLayer = window.dataLayer || []; The most frequently asked FANY acronym questions for Medical were selected and included on the site. [78], On December 18, 2006, U.S. regulators filed 101 civil charges against chief executive Franklin Raines; chief financial officer J. Timothy Howard; and the former controller Leanne G. Spencer. Abbreviations.com. By proceeding, you consent to receive calls and texts at the number you provided, including marketing by autodialer and prerecorded and artificial voice, and email, from Realtor.com and othersPersons who may contact you include real estate professionals such as agents and brokers, mortgage professionals such as lenders and mortgage brokers, realtor.com and its affiliates, insurers or their agents, and those who may be assisting any of the foregoing. R What does FANY stand for? FANY definition - fullyexpanded.com FANTASTIC-5G - FANTW - FANU - FANUC - FANV - FANZA - FANZAN - FAO - FAO UN - FAOA. Your immense ambition makes you want to be the best. Fannie Mae was the biggest buyer of Countrywide's mortgages. In 1992, President George H.W. Which means banks are more willing to lend money to prospective homebuyers, keeping the economy humming. 1 Jul 2023. Understanding What Fannie Mae Does - Investopedia However, these rules do not apply to Fannie and Freddie. This gives the United States housing and credit markets flexibility and liquidity. Is for What?! Cracking the Code to the German Double S Fannie Mae and Freddie Mac have a limit on the maximum sized loan they will guarantee. All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. How did that happen? "[23], In 2000, because of a re-assessment of the housing market by HUD, anti-predatory lending rules were put into place that disallowed risky, high-cost loans from being credited toward affordable housing goals. The Administration PR effort was not enough, by itself, to save the GSEs. The company also offers HomeView, a course thats targeted at first-time homebuyers. Web. Rescue Seen at Hand for 2 Mortgage Giants", "U.S. Nears Rescue Plan For Fannie And Freddie Deal Said to Involve Change of Leadership, Infusions of Capital", "Statement by Secretary Henry M. Paulson, Jr. on Treasury and Federal Housing Finance Agency Action to Protect Financial Markets and Taxpayers", "Congress Sends Housing Relief Bill to President". [citation needed][38] The government officials also stated that the government had also considered calling for explicit government guarantee through legislation of $5 trillion on debt owned or guaranteed by the two companies. Learn a new word every day. What does FANY abbreviation stand for? It must legally ignore adverse market conditions which appear to be unprofitable. Bank of America (BAC), which acquired Countrywide and Merrill Lynch during the crisis era, could be on the hook for even more. western front - revision Flashcards | Quizlet Medicine on the Western Front: Overview | StudySmarter [35] Then in 20032004, the subprime mortgage crisis began. First Aid Nursing Yeomanry / (fn) / n acronym for. F In addition, Fannie MBS, like those of Freddie Mac MBS and Ginnie Mae MBS, are eligible to be traded in the "to-be-announced" or "TBA" market. The order brought to conclusion a rare trial addressing alleged mortgage-related infractions committed during the housing boom. Millions lost their jobsand their life savings. "[83] Former Freddie chief financial officer Anthony "Buddy" Piszel, who in February 2011, was CFO of CoreLogic, "had received a notice from the SEC that the agency was considering taking action against him". Judge Denise Cote asked the FHFA to propose updated damages to be paid by Nomura and co-defendant RBS Securities Inc., which underwrote some of the investments. [20] For the first time, the GSEs were required to meet "affordable housing goals" set annually by the Department of Housing and Urban Development (HUD) and approved by Congress. Frequently Asked Questions (FAQ) What does FANY stand for? En el trabajo de investigacion titulado "Capital social y desarrollo: origen, definiciones y dimensiones de analisis". about your inquiry and other home-related matters, but not as a condition of any purchase. The charter also limited their business activity to the mortgage market. This changed in 1968. Fannie Mae and Freddie Mac are large companies that guarantee most of the mortgages made in the U.S. In early 2008, the decision was made to allow TBA (To-be-announced)-eligible mortgage-backed securities to include up to 10% "jumbo" loans.[67]. There is an ongoing federal criminal probe based in Sacramento, Calif., the state where Washington Mutual was based. [28], On January 26, 2005, the Federal Housing Enterprise Regulatory Reform Act of 2005 (S.190) was first introduced by U.S. This page is about the various possible meanings of the acronym, abbreviation, shorthand or slang term: FANY. This website is using a security service to protect itself from online attacks. The lawsuit sought to recoup more than $115 million in bonus payments, collectively accrued by the trio from 1998 to 2004, and about $100 million in penalties for their involvement in the accounting scandal. The conforming loan limit is 50 percent higher in Alaska and Hawaii. It was its nature as a Government Sponsored Enterprise (GSE) that provided the 'implied guarantee' for their borrowing. Why does the word 'fanny' mean something different in the US and UK? [1], This page or section lists people that share the same, https://en.wikipedia.org/w/index.php?title=Fanny_(name)&oldid=1159989538, Aunt Fanny, a comic character played by Fran Allison on the radio show, Fanny Ekdahl, in Ingmar Bergman's 1982 film, Fanny, the main character in Marcel Pagnol's 1931 play, Francine "Fanny" Fullbright from the Cartoon Network animated series, This page was last edited on 13 June 2023, at 20:18. Silly, but it adds up. 23.231.1.84 gtag('js', new Date()); Please help update this article to reflect recent events or newly available information. Most common FANNY abbreviation full form updated in February 2023 What is Fannie Mae? The action was "one of the most sweeping government interventions in private financial markets in decades". During the nonjury trial, lawyers for the FHFA said that Nomura and RBS inflated values of homes behind some mortgages and sometimes said a home was owner-occupied when it was not. For starters, Fannie and Freddie dont actually make loanswhich is why you may have only heard about them in vague terms, since you wouldnt approach them directly for a mortgage. be careful on that icy walk, unless you want to fall on your, Palter, Dissemble, and Other Words for Lying, Skunk, Bayou, and Other Words with Native American Origins, Words For Things You Didn't Know Have Names, Vol. McCain pointed out that Fannie Mae's regulator reported that profits were "illusions deliberately and systematically created by the company's senior management" in his floor statement giving support to S.190. [citation needed]. This page is about the various possible meanings of the acronym, abbreviation, shorthand or slang term: FANY. Fannie Mae produced an automated underwriting system (AUS) tool called Desktop Underwriter (DU) which lenders can use to automatically determine if a loan is conforming; Fannie Mae followed this program up in 2004 with Custom DU, which allows lenders to set custom underwriting rules to handle nonconforming loans as well. Fannie and Freddie, the government-backed housing finance firms, sustained massive losses on mortgage-backed securities as the housing market imploded, requiring a bailout of over $187 billion. [66] The secondary market for nonconforming loans includes jumbo loans, which are loans larger than the maximum that Fannie Mae and Freddie Mac will purchase. Q Your IP: Fanny Definition & Meaning - Merriam-Webster FANY Meaning - What does FANY stand for? - Acronym24.com In her decision, Judge Cote wrote that Nomura, in offering documents for mortgage-backed securities sold to Fannie and Freddie, didn't accurately describe the loans' quality. Role of the fany . This website is using a security service to protect itself from online attacks. Fannie Mae - Wikipedia Its origins include diminutives of the French name Frances meaning "free one", and of the name "Estefana", a Spanish version of Stephanie, meaning "crown". Maybe you were looking for one of these abbreviations: What Does Fany Stand For? Fany Meaning Of Name - Meaningslike.com There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Find That Magic Number Here, The Stress-Free Guide to Getting a Mortgage. Then, factor in the Great Depression of the 1930s. The Charlotte-based firm is facing claims from the FHFA over $57 billion worth of mortgage bonds. [44][45][46][47][48][49][50], The authority of the U.S. Treasury to advance funds for the purpose of stabilizing Fannie Mae, or Freddie Mac is limited only by the amount of debt that the entire federal government is permitted by law to commit to. FANY stands for Festival Across New York. [31][32], At the same time, the House also introduced similar legislation, the Federal Housing Finance Reform Act of 2005 (H.R. Founded in 1970, Fannies brother organization is Freddie Mac, aka the Federal Home Loan Mortgage Corporation, or FHLMC. Shareholder pressure pushed the GSEs into competition with PLS for market share, and the GSEs loosened their guarantee business underwriting standards in order to compete. In 2023, Fannie Mae was ranked number 28 on the Fortune 500 rankings of the largest United States corporations by total revenue. "The Washington-based company aims to keep its duration gap between minus 6 months to plus 6 months. [39] Some worried that Fannie lacked capital and might go bankrupt. In early 2005 we began sounding our concerns about this "layered-risk" lending. FHFA stated that there are no plans to liquidate the company. We thought you asked a similar FANY question (for Medical) to the search engine to find the meaning of the FANY full form in Medical .

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what does fany stand for