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 ?
The secondary market for mortgage loans has been one of the fastest-growing markets in the past two decades and many of these mortgages are securitized by the Federal National Mortgage Association (FNMA), the Government National Mortgage Association (GNMA) and the Federal Home Loan Mortgage Corporation (FHLMC).
The bonds are special obligations of the authority secured solely by the revenues and assets pledged under the amended and restated master indenture that primarily consist of mortgage backed securities (MBS) guaranteed by the Government National Mortgage Association (GNMA or Ginnie Mae), mortgage pass-through certificates guaranteed by the Federal National Mortgage Association (FNMA or Fannie Mae) and MBS guaranteed by the Federal Home Loan Mortgage Corporation (FHLMC or Freddie Mac) and cash reserves.
Besides, it is an approved US Department of Housing and Urban Development lender; a Single Family Issuer for Government National Mortgage Association; Seller/Servicer for Federal National Mortgage Association; and an approved Seller/Servicer for Federal Home Loan Mortgage Corporation.
Ginnie Mae, or the Government National Mortgage Association, was established by the US Congress to promote home ownership.
It has also received approval to originate loans insured by the Federal Housing Administration (FHA) and to securitise them via the Government National Mortgage Association (Ginnie Mae).
The Government National Mortgage Association (Ginnie Mae) announced that issuances for its Mortgage-Backed Securities ++(MBS) program hit $24 billion in December 2008.
Couch, CMB, was sworn in as the new president of the Government National Mortgage Association (Ginnie Mae) on June 29 following confirmation by the Senate.
A third nonprofit government institution, the Government National Mortgage Association (Ginnie Mae), is active in the secondary mortgage market; it was created by the Congress to provide liquidity solely for federal housing initiatives.
31, 2015, the single-family portfolio consisted of 84% Government National Mortgage Association (Ginnie Mae), Federal National Mortgage Association (Fannie Mae), and Federal Home Loan Mortgage Corporation (Freddie Mac) mortgage-backed securities (MBS).

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