Government National Mortgage Association (GNMA)
Definition of "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-through securities in which interest and principal received on a pool of federally insured mortgage loans is paid to the investor. GNMA guarantees the timely payment of principal and interest in the mortgages.
Popular Real Estate Terms
Right to an item belongs to the public at large so anyone can use it. An example is a real estate software program that is publicly available by an electronic bulletin board service. ...
Legal dictate that must exist for property to be owned as joint tenants. ...
transfer of real property by legal means such as through inheritance. ...
Among other things. Inter alia is an ancient method of referring to statutes without reciting all of their provisions. ...
List of architectural design items needing to be corrected and resolved prior to finalizing a building design. ...
Not sure about something such as suspecting the truthfulness of statements made by a real estate agent. Stipulation in a deed giving the grantor some retained privilege or right in the ...
Financial standing of a debtor as a basis to pay obligations. ...
The total expenditures required to make a locality suitable for the designated purpose. An example is how much it would cost to build a shopping center on a lot. ...
The assessment sales ratio is a way of measuring the accuracy of a property’s assessed value when compared to the property’s selling price. This measurement gives the ...
Have a question or comment?
We're here to help.