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GNMA

   Also found in: Legal, Financial, Acronyms, Encyclopedia, Wikipedia 0.01 sec.
GNMA
abbr.
Government National Mortgage Association


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Securities guaranteed by the Government National Mortgage Association, called GNMA securities or Ginnie Mae securities, are about as safe as Treasury bonds and have shown higher yields.
For almost one-half of a century, housing bond markets created from local municipalities, GNMA, FNMA and FHLMC (joined by the FHLB) have provided possibly the greatest infrastructure for the stability of our economy longer than any business in history by catering to the notion that home ownership is one of the most important goals that people strive for.
Currently, Ginnie Mae's GNMA II program features securities backed by mortgage rates substantially higher than the security rate, with issuers receiving a variable servicing fee and investors paid on the 20th of the month.
 
 
 
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