Government National Mortgage Association Gnma 2


Definition of "Government National Mortgage Association (GNMA)"

A federal agency that guarantees mortgage securities that are issued against pools of FHA and VA mortgages.

Have a question or comment? We're here to help.

 
 
 
*** Your email address will remain confidential.
 
 

Search Real Estate Terms

 

Popular Real Estate Terms

Ginnie Maes

Debt securities sponsored by the Government National Mortgage Association (GNMA). The objective of the GNMA is to fund high-risk mortgages for high-ri ...

Government National Mortgage Association (GNMA)

Is a wholly owned government corporation administered by the Department of Housing and Urban Development. It does not by mortgages; it issues pass-thr ...

Tandem Plan

Government program of providing low interest rate mortgages to low-income qualified buyers. In the tandem program, the Federal National Mortgage Ass ...

Loan 'Flipping'

The process of raising cash periodically through successive cash-out refinancings. This is a scam initiated by mortgage brokers that victimizes whol ...

Predatory Lending

A variety of unsavory lender practices designed to take advantage of unwary borrowers. Predatory lending covers much the same ground as Mortgage Scam ...

Interest Due

The amount of interest, expressed in dollars, computed by multiplying the loan balance at the end of the preceding period times the annual interest ra ...

Popular Real Estate FAQ

What Is A Ginnie Mae?

A Ginnie Mae is a name for the Government National Mortgage Association (GNMA), which is a government-owned corporation within the U.S. Department of ...

How Much Life Insurance Do I Need?

Every person has a different idea of what financial security means. If so, should happen to you, how much money would you family need? You should cons ...

What Are Discount Points?

Discount points are a type of point paid by the borrower to reduce the interest rate. ...

What Is A Gated Community?

A gated community is a community of homes where you must pass through a security gate in order to enter the community. ...

What Do I Need To Know About Homeowners Insurance?

It is where you live and where your possessions are. Chances are, it\'s your asset. But more than possessions and assets, it\'s your home and you need ...

What Happens When A Property Starts To Depreciate?

When a property depreciates it declines in the value of the property due to poor location, dilapidation, or other factors. ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

How to Defray the Hidden Costs of Home Ownership 7 Things to Consider Before Moving to a New City 10 Real Estate Tips for Homebuyers Why Right Now is a Good Time for Millennials to Buy a Home Top Five Reasons Your Home Offer was Rejected

FAQ

What does Travel Insurance Typically Cover? What do I need to know about Renters Insurance, and what does it cover? What is a home warranty? I dont know the zip code of my areas. How do I find an agent that is right for me in my area. What type of a home is a condominium?