Products
Free Stuff
Site Map
|
|
|
|
|
Home mortgage basics
 Home MortgageHome Equity LoansMortgage ApprovalMortgage BanksLine Of CreditDebt Consolidation LoansMortgage BrokerMortgage Types
Mortgage Loan TypesHome Mortgage InterestFHA LoansHome Improvement LoansNo Doc Home LoansNo Down Payment LoansJumbo MortgageReverse Home MortgageBalloon MortgageVariable Home MortgageSecond MortgageHome mortgage info
Home Mortgage CalculatorBad Credit MortgageOnline MortgageBest Home LoansRefinance Home MortgageHome Mortgage LendersOnline VA Home LoanConforming Mortgage LoansInterest Only Home MortgageMobile Home MortgageMortgage FraudPay Day LoansFree Newsletter
Stay updated, sign up for our free newsletter to receive useful tips Full NameEmail Id 
|
 |
Government National Mortgage Association The Government National Mortgage Association (GNMA), often referred to as "Ginnie Mae" was created in 1968 by the United States federal government through a partition of the Federal National Mortgage Association. The GNMA is a corporation within the Department of Housing and Urban Development created for the purpose of providing financial assistance to low and moderate income individuals seeking to purchase homes. The GNMA buys mortgages from lending agencies and sells them as securities to investors. This process serves to allow investors to place money in the mortgage securities market thus increasing the price of mortgage bonds while lowering the rates on mortgages in the primary market - in other words the market on which potential home owners seek mortgage financing. While GNMA bonds are risk-free from the standpoint of default they carry both an interest rate risk and they are "callable" monthly meaning they can mature suddenly and without warning if the homeowner decides to pay off their loan. More terms explained |
|
Suggest an Article Haven´t found the article you are looking for, please suggest your article. We value all your suggestions and comments.  |
Home |  |  |  | Privacy Policy | Disclaimer | Copyrights | Contact Us |