GNMA-I

(redirected from GNMA I Security)

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 ?
When the changes are implemented, the GNMA II security will more closely resemble the agency's GNMA I security, the flagship of the mortgage finance market for more than 30 years.
When the changes are implemented, the GNMA II security will more closely resemble the agency's GNMA I security, a flagship of the mortgage finance market for more than 30 years.
When the changes are implemented, the GNMA II security will more closely resemble the agency's GNMA I security, which has been a flagship of the mortgage finance market for more than 30 years.
Initially, PTC was receiving approximately $79 million in monthly GNMA I security remittances.