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
Timber in an original form, such as a pole. ...
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Estimated value of property after a specified time period. ...
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mortgage being reduced through periodic principal and interest payments. ...
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Structure not directly belonging to a property but considered a part of it through the use of an easement of common consent. ...
See historic structure. ...
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