Government National Mortgage Association

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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 ?
Because the after-tax yield of the AAA-rated insured bonds (7%) is greater than the after-tax yield of the GNMA bonds (6.
Under GNMA and FNMA servicing rules, unscheduled principal payments received by servicers during the preceding month are remitted to investors on the 15th and 18th of the current month, respectively.
Borrowers using loans backed by GNMA may differ from those using loans supported by FNMA and FHLMC for another reason.
This correspondence between GNMA pools and MRBs is on returns of principal, not mortgage prepayments.
We were certainly in the camp that thought rates would be rising and that the flight to quality [to Treasuries] would subside" said Michael Hoeh, senior portfolio manager of the Dreyfus GNMA fund.
This form is the result of a data collection partnership made up of Fannie Mae, Freddie Mac, GNMA and MBA.
This type of security is typically a single-class instrument such as a GNMA pass-through.
However, to facilitate the implementation of the REMIC, MBA has heard that GNMA plans to mandate that GNMA I remittances be transmitted to security holders utilizing the ACH debit by a centralized processing agent.
6m GNMA Collateralized Mortgage Revenue Bonds (Haven Pointe Project) Series 2001A & Taxable Series 2001A, USD5.
5s and 9s will experience more substantial declines than higher coupons; prepayments on GNMA securities will drop more than conventionals.