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Glossary > G > "Government National Mortgage Association" Definition

Government National Mortgage Association

In the US, a government-owned corporation which guarantees payment of interest and principal of mortgage-backed pass through securities. The corporation is nicknamed Ginnie Mae.

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Government National Mortgage Association - In the US, a government-owned corporation which guarantees payment of interest and principal of mortgage-backed pass through securities. The corporation is nicknamed Ginnie Mae.

Government National Mortgage Association : in the us, a government-owned corporation which guarantees payment of interest and principal of mortgage-backed pass through securities. the corporation is nicknamed ginnie mae.