Government National Mortgage Association

Government National Mortgage Association
a U.S. government-owned corporation whose chief function is to help finance government-guaranteed home mortgages through the sale of bonds. Abbr.: GNMA Also called Ginnie Mae.

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Universalium. 2010.

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  • Government National Mortgage Association — GNMA A US government agency that guarantees payment on securities backed by mortgages granted by such national organizations as the Federal Housing Finance Board (see Federal Home Loan Banks See also Ginnie Mae) …   Big dictionary of business and management

  • Government National Mortgage Association — a U.S. government owned corporation whose chief function is to help finance government guaranteed home mortgages through the sale of bonds. Abbr.: GNMA Also called Ginnie Mae …   Useful english dictionary

  • Government National Mortgage Association — Agency of Federal government (division of HUD) which is primarily engaged in purchasing on the secondary market federally subsidized residential mortgages originated by local lenders, and also in guaranteeing payment of securities backed by… …   Black's law dictionary

  • Government National Mortgage Association — Agency of Federal government (division of HUD) which is primarily engaged in purchasing on the secondary market federally subsidized residential mortgages originated by local lenders, and also in guaranteeing payment of securities backed by… …   Black's law dictionary

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