Government National Mortgage Association. A government-owned agency which buys mortgages from lending institutions, securitizes them, and then sells them to investors. Because the payments to investors are guaranteed by the full faith and credit of the U.S. Government, they return slightly less interest than other mortgage-backed securities.

Use GNMA in a sentence

He worked for the GNMA and I was really impressed because that was a really good place that had a lot of benefits.

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All of those mortgages we're guaranteed by the GNMA, and since that was the case, they took a huge hit when the market crashed.

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My uncle was asking me about my advice on buying into Mortgage Backed Securities but I told him that he should instead look at GNMA securities because they are more secure.

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Mentioned in these terms

Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
mortgage-backed note MBS depository