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GEM (growing equity mortgage)

Mortgage in which annual increases in monthly payments are used to reduce outstanding principal and to shorten the term of the loan.


In numismatics, a high quality coin. These coins may be valuable as collector's items, though they are illiquid assets. It may also refer to the beauty of the coin regardless of quality.

growing equity mortgage (GEM)

A home loan arrangement in which the payments are increased each year by a specific amount,with the additional money credited to additional principal reduction. As a result, the loan is paid in full earlier than the normal amortization period.The FHA-
insured GEM program is called a 245(a) loan.

References in periodicals archive ?
According to the experts, JEM which has a limited presence in Libya has recently realised that the situation in the north African country "offers more opportunities than South Sudan" and considers ways to be more involved there.
JWARN and JEM are DOD-accredited programs that can be used independently or as integrated capabilities with mission command systems.
Khartoum is insisting on trying to find a military solution to Darfur C* They keep sending column after column after us," JEM official al-Tahir al-Feki told Reuters.
Sudanese authorities have accused JEM of attacking and looting villages across Darfur in recent weeks.
JEM officials said the 'framework' agreement would include a list of areas to be fleshed out in negotiations, including compensation for Darfuris, humanitarian access and the broad topics of 'power sharing' and 'wealth sharing.
JEM Spokesperson Gibril Adam Bilal said his group was monitoring the ongoing efforts to convince some JEM members to accept the "humiliating capitulation project", adding it would prolong the suffering of displaced people and refugees.
The bombing started at midnight and continued this morning C* These people [the government] are not interested in finding a political solution to the problem," said JEM spokesman Ahmed Hussein Adam.
Rebel divisions and continued fighting on the ground have stalled peace talks with JEM, who are the most militarily powerful of the Darfur's insurgent groups.
Fly Wheels is a great example of a dynamic product line, with proven success at retail, which we believe will translate well into an apparel line," explained Randi Spieker, Vice President of Marketing, JEM Sportswear.
It is noteworthy that several JEM defectors have been detained by the movement since three years ago.
The statement stated that these weapons were part of the arms obtained by JEM from the authorities of the Colonel Muamar Al-Gadafie of Libya.
Sudan s president Omar Hassan al-Bashir declared the seven- year Darfur conflict over after his government signed a ceasefire and initial peace deal with JEM in the Qatari capital Doha in February.