GNMA-II

GNMA-II
Mortgage-backed securities ( MBS) on which registered holders receive an aggregate principal and interest payment from a central paying agent on all of their certificates. Principal and interest payments are disbursed on the 20th day of the month. GNMA-II MBS are backed by multiple-issuer pools or custom pools (one issuer but different interest rates that may vary within one percentage point). Multiple-issuer pools are known as "Jumbos." Jumbo pools are generally longer and offer certain mortgages that are more geographically diverse than single-issuer pools. Jumbo pool mortgage interest rates may vary within one percentage point. The New York Times Financial Glossary
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mortgage-backed securities ( MBS) on which registered holders receive an aggregate principal and interest payment ( interest payments) from a central paying agent on all their certificates. principal and interest payments are disbursed on the 20th day of the month. GNMA-II M.B.S. are backed by multiple-issuer pools or custom pools (one issuer but different interest rates that may vary within one percentage point). multiple-issuer pools are known as " jumbos." Jumbo pools are generally longer and offer certain mortgages that are more geographically diverse than single-issuer pools. Jumbo pool mortgage interest rates may vary within one percentage point. Bloomberg Financial Dictionary

Financial and business terms. 2012.

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Look at other dictionaries:

  • GNMA — Government National Mortgage Association, ‘‘Ginnie Mae‘ Short Dictionary of (mostly American) Legal Terms and Abbreviations …   Law dictionary

  • GNMA — abbrev. Government National Mortgage Association: see GINNIE MAE …   English World dictionary

  • GNMA — Government National Mortgage Association (GNMA) A government owned corporation that is part of the U.S. Department of Housing and Urban Development. GNMA provides its guarantee, backed by the full faith and credit of the United States Government …   Financial and business terms

  • GNMA-I — Mortgage backed securities ( MBS) on which registered holders receive separate principal and interest payments on each of their certificates, usually directly from the servicer of the MBS pool. GNMA I mortgage backed securities are single issuer… …   Financial and business terms

  • GNMA — Ginnie Mae logo. Ginnie Mae ist die in den USA populäre Bezeichnung für die Government National Mortgage Association (GNMA). Die Hauptaufgabe von Ginnie Mae ist die Bereitstellung von billigen Krediten für Hauskäufer und Hausbauer. Siehe auch… …   Deutsch Wikipedia

  • GNMA Midget — A GNMA pass through certificate backed by fixed rate mortgages with a 15 year maturity. GNMA Midget is a dealer term and is not used by GNMA in the formal description of its programs. The New York Times Financial Glossary A GNMA pass through… …   Financial and business terms

  • GNMA — abbreviation Government National Mortgage Association …   New Collegiate Dictionary

  • GNMA — See Government National Mortgage Association. * * * …   Universalium

  • GNMA — Government National Mortgage Association (Governmental » US Government) Government National Mortgage Association (Business » General) …   Abbreviations dictionary

  • GNMA — Government National Mortgage Association ( Ginnie Mä ) …   Acronyms

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