Government National Mortgage Association
DefinitionGNMA or Ginnie Mae. 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.
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Government National Mortgage Association is ...
... part of the Bonds, Real Estate and Stocks subjects.
... part of the Bonds, Real Estate and Stocks subjects.
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