GNMA-I

(redirected from GNMA I Securities)

GNMA-I

Mortgage-backed securities (MBS) on which registered holders receive separate principal and interest payments on each of their certificates, usually directly from the servicer of the MBS pool. GNMA-I mortgage-backed securities are single-issuer pools.

GNMA-I

A straightforward mortgage-backed, pass-through security issued by Ginnie Mae. All mortgages backing each GNMA-I were made by the same issuer and all have the same interest rate. All mortgages were issued within the three months immediately preceding the issue of the GNMA-I. Because these securities have no special features, they have more risk than other mortgage-backed securities such as collateralized mortgage obligations. GNMA-I is pronounced "Ginnie Mae One."
References in periodicals archive ?
GNMA I securities are highly valued for their performance, which results from being guaranteed by the U.
PTC was established in March 1989, as successor to the Mortgage-Backed Securities Clearing Corporation (MBSCC), to address a variety of inefficiencies in the process of physical delivery of GNMA I securities.
Consequently, as new GNMA I securities are issued, the percentage of securities held by the PTC grows accordingly.
MBA believes that a system that perpetuates two sets of good delivery guidelines-one for GNMA I securities and another for conventional securities - is no longer warranted and represents yet another factor contributing to the diminishing attractiveness of issuing GNMA I securities.
PSA reasoned that, if an unlimited amount of 2-1 buydowns were to be included in GNMA I pools, then GNMA I securities would trade closer to the GNMA II securities.