Government National Mortgage Association


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Related to Government National Mortgage Association: GNMA II

Government National Mortgage Association (Ginnie Mae)

A wholly owned U.S. government corporation within the Department of Housing & Urban Development. Ginnie Mae guarantees the timely payment of principal and interest on securities issued by approved servicers that are collateralized by FHA-issued, VA-guaranteed, or Farmers Home Administration (FmHA)-guaranteed mortgages.

Government National Mortgage Association

Also called GNMA or Ginne Mae. A United States government-owned enterprise that buys mortgages from banks and pools them, selling the pools as mortgage-backed securities. Ginnie Mae securities are backed by the full faith and credit of the United States and as such are consider risk-free investments. Ginnie Mae's activities are designed to help facilitate the provision of credit for home purchases among middle and low-income Americans.

Government National Mortgage Association

Government National Mortgage Association (Ginnie Mae).

The Government National Mortgage Association, known as Ginnie Mae, guarantees mortgage-backed securities issued by approved private institutions and marketed to investors through brokerage firms.

The agency's dual mission is to provide affordable mortgage funding while creating high-quality investment securities that offer safety, liquidity, and an attractive yield.

Ginnie Mae securities are backed by mortgages that are insured by either the Federal Housing Administration (FHA) or the Rural Housing Service (RHS), or guaranteed by the Department of Veterans Affairs (VA).

Ginnie Mae securities are sold in large denominations -- usually $25,000. But you can buy Ginnie Mae mutual funds, which allow you to invest more modest amounts.

Ginnie Mae is an agency of the US Department of Housing and Urban Development (HUD).

Government National Mortgage Association (GNMA)

Almost always referred to by its popular name—see Ginnie Mae.

Government National Mortgage Association (GNMA)

A federal agency that guarantees mortgage securities that are issued against pools of FHA and VA mortgages.

See Secondary Markets/Ginny Mae.

References in periodicals archive ?
Three government-sponsored agencies dominate secondary market activity-the Federal National Mortgage Association (FNMA, or Fannie Mae), the Federal Home Loan Mortgage Corporation (FHLMC, or Freddie Mac), and the Government National Mortgage Association (GNMA, or Ginnie Mae)-although banks, thrift institutions, insurance companies, and other entities are active as well.
By working with our partners at the Federal Housing Administration and the Government National Mortgage Association, we were able to leverage our strength and expertise to identify the financing solution for Capital Health," said Marie Head, managing director, Prudential Huntoon Paige.
WS) wholly-owned subsidiary, acquired a company, that has Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corporation, (Freddie Mac) and the Government National Mortgage Association (Ginnie Mae) approvals, to hold and manage mortgage servicing rights (MSRs), it reported on Thursday.
Issues of mortgage-backed securities can also be backed by the Government National Mortgage Association (GNMA), a government agency backed by the full faith and credit of the U.
The 2008 series A bonds are being issued to refund two outstanding lines of credit used to originate loans under the indenture in the amount of $93 million and to provide approximately $47 million to continue the authority's single-family homebuyer program through the purchase of Government National Mortgage Association (GNMA) and Federal National Mortgage Association (FNMA) guaranteed mortgage-backed certificates.
Treasury securities, mortgages backed by the Federal Housing and Veterans administrations, and MBSs guaranteed by the Government National Mortgage Association (GNMA).
FICS([R])), a mortgage technology specialist that provides in-house residential origination and servicing technology and commercial servicing technology to the mortgage industry, announced that its residential mortgage loan servicing system, Mortgage Servicer([TM]) and its commercial mortgage loan servicing system, Commercial Servicer([R]), now have the ability to report directly to the Government National Mortgage Association (Ginnie Mae) via Ginnie Mae's new Reporting and Feedback System (RFS).
In 1970, the Government National Mortgage Association (GNMA) created the first publicly traded mortgage-backed security.

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