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 ?
In the case of the Government National Mortgage Association (Ginnie Mae), underwriting standards are established by the Department of Housing and Urban Development and the VA.
According to the agency, the credit strength of US mortgage financier Fannie Mae and the Government National Mortgage Association (GNMA), or Ginnie Mae, as well as the structure of the programme primarily drive the security of the bonds.
The Government National Mortgage Association (Ginnie Mac) announced that Financial Freedom, a subsidiary of IndyMac Bank, F.S.B and a leading reverse mortgage lender, is a new issuer under Ginnie Mac's Home Equity Conversion Mortgage (HECM) Mortgage-Backed Securities (HMBS) program.
Three government-sponsored enterprises (GSEs) dominate the secondary mortgage market--Fannie Mae, Freddie Mac, and the Government National Mortgage Association (Ginnie Mae).
GNMA--The Government National Mortgage Association (GNMA) deserves kudos.
GNMA, known as Ginnie Mae, is the Government National Mortgage Association. Ginnie Mae was created in 1968 as a wholly owned corporation within the Department of Housing and Urban Development (HUD).
Treasury securities, governmentbacked mortgages, and mortgage-backed securities (MBSs) guaranteed by the Government National Mortgage Association; a 20 percent weight to most other MBSs and federal agency securities; a 50 percent weight to qualifying one- to four-family conventional mortgages and general obligation revenue bonds; and a 100 percent weight to most other loans, including C&1, consumer, and commercial real estate.
He is past chairman of the Government National Mortgage Association (Ginnie Mae) liaison committee of the Mortgage Bankers Association of America and a member of the Northeast regional advisory board of Federal National Mortgage Association (Fannie Mae).
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.
Real estate investment trust, Two Harbors Investment Corp's (NYSE:TWO) (NYSE MKT:TWO.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.

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