__ un = GNMA
__ liq - norm __ liq*GNMA
__ stk __ lag.
Not surprisingly, given GNMA
's focus on government-backed loans, the HMDA data indicate that GNMA
is supporting home purchase loans made to low- or moderate-income, and to a lesser extent minority households, relatively more often than are other secondary market institutions.
PTC was established in March 1989, as successor to the Mortgage-Backed Securities Clearing Corporation (MBSCC), to address a variety of inefficiencies in the process of physical delivery of GNMA
Refinancing coupons are composed of GNMA
9 percent to 10 percent coupons and conventional 8.
compare an issuer's portfolio statistics against established GNMA
norms to provide a basis for analysis of the portfolio's condition;
Nevertheless, in 1989 and 1990 MBA approached GNMA
with requests to reduce the minimum number of loans in GNMA
pools and increase the percentage that a single loan could represent in a pool.
Because of this volatility, the likelihood of an institution defaulting its portfolio to GNMA
is greater for the smaller portfolio groups.
The MBS are comprised of 58% GNMAs
, 22% FNMAs and 20% FHLMCs.
If the Company is not successful in remedying the effects of the GNMA
termination, and as a result is unable to continue as a GNMA
issuer/servicer, such failure would have a material adverse effect on the Company.
This year, GNMA
is working with industry representatives to produce an acceptable acknowledgment agreement.
Because the after-tax yield of the AAA-rated insured bonds (7%) is greater than the after-tax yield of the GNMA
Investment Management, which will rebrand as Voya Investment Management in May 2014, today announced that the ING Intermediate Bond Fund, W (IIBWX) and ING GNMA
Income Fund, I (LEINX) have been named the number one performers in their respective categories by the Lipper Fund Awards 2014 for the three-year period ending December 31, 2013.