GNMA midget
Definition
A pass-through certificate backed by fixed-rate mortgages that have maturity dates of 15 years and is guaranteed by Ginnie Mae. The backing by a government agency reduces the risk of default to the pass through holder because payment is guaranteed.
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Nearby Terms
- globally floored...
- GLOBEX
- GMD
- GNF
- GNMA
- GNMA midget
- gnomes
- Gnomes of Zurich
- GNP
- GNP deflator
- GNP gap
