Government National Mortgage Association

What is Government National Mortgage Association?

A definition of government national mortgage association is: Agency of Federal government (division of HUD) which is primarily engaged in purchasing on the secondary market federally subsidized residential mortgages originated by local lenders, and also in guaranteeing payment of securities backed by residential mortgages. More details on the Encyclopedia. Referred to as “Ginnie Mae. More details on the Encyclopedia.” [1]

Resources

Notes

1. “Government National Mortgage Association” in the White America Dictionary (New York, Los Angeles, London, New Delhy, Hong Kong, 1989)

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