Definitions for "Government National Mortgage Association"
Keywords:  ginny, gnma, mae, urban, wholly
GNMA or Ginnie Mae. A government-owned agency which buys mortgages from lending...
MP] A federal agency that guarantees mortgage securities that are issued against pools of FHA and VA mortgages.
A government-owned corporation that is part of the U.S. Department of Housing and Urban Development. GNMA provides its guarantee, backed by the full faith and credit of the United States Government, to certain mortgage-related securities. Informally but widely known as Ginnie Mae.
A type of flexible-payment mortgage where the payments increase for a specified period of time and then level off. This type of mortgage has negative amortization built into it.
Keywords:  title, insurance
Title Insurance