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Government National Mortgage Association

   Also found in: Dictionary/thesaurus, Legal, Financial, Acronyms, Wikipedia 0.03 sec.
Government National Mortgage Association: see Federal National Mortgage Association Federal National Mortgage Association (FMNA), commonly known as Fannie Mae, a privately owned and operated corporation that is the largest purchaser and guarantor of home mortgages in the country. Headquartered in Washington, D.C.
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The Government National Mortgage Association (Ginnie Mae) announced that the corporation has reached a milestone in mortgage-backed security (MBS) issuance, solidifying its role among the key institutions providing liquidity to the housing finance market.
The Government National Mortgage Association, better know as Ginnie Mae, announced it has eliminated the restriction on the size of mortgage loans guaranteed by the VA that can be used as collateral for Ginnie Mae securities.
The Government National Mortgage Association guarantees these mortgage-backed securities with the full support of the federal government.
 
 
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