GNMA Midget

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
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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. Bloomberg Financial Dictionary

Financial and business terms. 2012.

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Look at other dictionaries:

  • midget — Government National Mortgage Association ( GNMA) issued pools of fixed rate mortgages with original maturities of 15 years. American Banker Glossary A 15 year GNMA bond; similar to a Dwarf. Bloomberg Financial Dictionary …   Financial and business terms

  • Карликовая ГНИА — жаргон ценная бумага, с фиксированной ставкой и 15 летним сроком погашения, обеспеченная пулом ипотек и гарантированная Государственной национальной ипотечной ассоциацией США. По английски: GNMA Midget См. также: Ценные бумаги, обеспеченные пулом …   Финансовый словарь

  • Midgets — A slang term referring to a Government National Mortgage Association (GNMA) bond, which has a 15 year maturity. The midget is secured by mortgages backed by federal agencies. GNMA is also known as Ginnie Mae . The GNMA was started in an attempt… …   Investment dictionary

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