Government National Mortgage Association (gnma) Definition

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Definition Of Government National Mortgage Association (gnma):

US housing and urban development agency which issues mortgage backed pass-through securities guaranteed by full faith and credit of the US government.
These securities are publicly traded and are collateralized by pools of residential mortgages guaranteed or insured by Federal Housing administration and other government backed agencies. Popularly known as Ginnie Mae. See also Ginnie Mae I and Ginnie Mae II.

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