Government National Mortgage Association


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Related to Government National Mortgage Association: GNMA II

Government National Mortgage Association:

see under Federal National Mortgage AssociationFederal National Mortgage Association
(FMNA), commonly known as Fannie Mae,
government-sponsored enterprise that is the largest purchaser and guarantor of home mortgages in the country. Headquartered in Washington, D.C.
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References in periodicals archive ?
June 27 /PRNewswire/ -- Lend America, a leading privately-owned, direct-to-consumer residential mortgage lender with a core focus on originating government-insured loans, announced today it received approval to issue Government National Mortgage Association (Ginnie Mae) mortgage-backed securities (MBS).
Treasury securities, mortgages backed by the Federal Housing and Veterans administrations, and MBSs guaranteed by the Government National Mortgage Association (GNMA).
agency mortgage pass-through securities such as those issued by the Government National Mortgage Association, the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation.
In 1970, the Government National Mortgage Association (GNMA) created the first publicly traded mortgage-backed security.
As a result, traders and analysts can track the three forward months of a range of coupons in Government National Mortgage Association (Ginnie Mae), Federal National Mortgage Association (Fannie Mae), and Federal Home Loan Mortgage Corporation (Freddie Mac) securities.
Non-Qualifying Income" includes earnings derived from repurchase agreements, money market instruments such as agency-issued commercial paper, other regulated investment companies, corporate obligations, and obligations issued by the Government National Mortgage Association, the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation.
The securities acquired will, among other eligibility requirements, be limited to: hybrid securities that are direct obligations of, or that are fully guaranteed as to principal and interest by the Government National Mortgage Association (GNMA), the Federal Home Mortgage Loan Corporation (FHLMC), or the Federal National Mortgage Association (FNMA); and securities that are issued by any bankruptcy-remote, limited purpose issuer of residential mortgage-backed securities and that are rated 'AAA'.

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