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GNMA-I |
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GNMA-I Mortgage-backed securities (M.B.S.) on which registered holders receive separate principal and interest payments on each of their certificates, usually directly from the servicer of the M.B.S. 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." How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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