DEFINITION of 'Connie Lee - College Construction Loan Insurance Association - CCLIA'

A formerly government-sponsored enterprise created by the Higher Education Amendments of 1986. The sole purpose of this organization was to insure and reinsure debt instruments that were issued by universities, colleges and other educational institutions to help fund building initiatives.

This organization's acronym has the same naming scheme as other government organizations like Fannie Mae, Ginnie Mae and Freddie Mac.

BREAKING DOWN 'Connie Lee - College Construction Loan Insurance Association - CCLIA'

Although the Department of Education originally provided Connie Lee with some start up equity capital, this amount was eventually paid back when Connie Lee was privatized back in 1997. Connie Lee is now a considered a private, for-profit organization.

RELATED TERMS
  1. Instrumentality

    An organization that serves a public purpose and is closely tied ...
  2. Reinsurer

    A company that provides financial protection to insurance companies. ...
  3. Agency MBS Purchase

    The purchase of mortgage-backed securities issued by government-sponsored ...
  4. Reinsurance Recoverables

    The portion of an insurance company’s losses from claims that ...
  5. Associate In Reinsurance (ARe)

    A designation earned by insurance professionals looking for reinsurance ...
  6. Reinsurance Ticket

    A notification made by an insurer which discloses the different ...
Related Articles
  1. Managing Wealth

    Agency Theory

    An agency relationship exists when one person -- called a principal -- hires another person -- the agent -- to act on his behalf. Agency theory is concerned with resolving problems that develop ...
  2. Insights

    Fannie Mae, Freddie Mac And The Credit Crisis Of 2008

    Is the U.S. Congress' failure to rein in these mortgage giants to blame for the financial fallout?
  3. Investing

    Fannie Mae and Freddie Mac, Boon Or Boom?

    These two companies are crucial to the mortgage market, but are they ticking timebombs?
  4. Financial Advisor

    Are Stocks Heading for Record Highs?

    Tom Lee, of Fundstrat Global Advisors, believes that markets are heading for new highs this summer. Here's why.
  5. Personal Finance

    Why Fannie Mae And Freddie Mac Might Be In Trouble

    Fannie Mae and Freddie Mac are under increased scrutiny as debates continue about conservatorship, share price, and profit allocations.
  6. Personal Finance

    What You Need to Know About Fannie Mae Loans

    Fannie Mae (officially the Federal National Mortgage Association, or FNMA) is a government-sponsored enterprise (GSE) – that is, a publicly traded company which operates under Congressional charter ...
  7. Insights

    How Fannie Mae And Freddie Mac Were Saved

    These mortgage giants had to be put under government conservatorship, driving home the gravity of the subprime crisis.
  8. Personal Finance

    How Does Industry-Run Education Work?

    Choosing between educational institutions can be difficult. Discover some of the options and their costs.
  9. Personal Finance

    Is An American College Education Still Worth It?

    The total cost of a university education continues to outpace inflation. For some degrees, that expense isn't likely to pay off.
  10. Investing

    The Top 5 Fannie Mae Shareholders (FNMA)

    Find about the individuals, funds and companies that are top shareholders of Fannie Mae stock. Learn about their profiles and their relationships with Fannie Mae.
RELATED FAQS
  1. Can I contribute to both a 529 plan and a Coverdell education savings account?

    You can contribute to both, and when your child is ready to attend college, as colleges do accept payments from both. There ... Read Answer >>
  2. Why do some companies in the insurance sector engage in reinsurance?

    Discover how some companies in the insurance sector engage in reinsurance. Reinsurance allows insurance companies to transfer ... Read Answer >>
  3. What is a Ginnie Mae security?

    A Ginnie Mae, or Government National Mortgage Association security, functions similarly to the process of lending someone ... Read Answer >>
Hot Definitions
  1. Life Insurance

    A protection against the loss of income that would result if the insured passed away. The named beneficiary receives the ...
  2. Price Elasticity Of Demand

    A measure of the relationship between a change in the quantity demanded of a particular good and a change in its price. Price ...
  3. Market Capitalization

    The total dollar market value of all of a company's outstanding shares. Market capitalization is calculated by multiplying ...
  4. Frexit

    Frexit – short for "French exit" – is a French spinoff of the term Brexit, which emerged when the United Kingdom voted to ...
  5. Stop-Limit Order

    An order placed with a broker that combines the features of stop order with those of a limit order. A stop-limit order will ...
  6. Down Round

    A round of financing where investors purchase stock from a company at a lower valuation than the valuation placed upon the ...
Trading Center