Government National Mortgage Association at Real Estate Glossary
What is it? Commonly known as Ginnie Mae, this agency buys home loans from lenders, pools them with other loans and sells shares to investors. Ginnie Mae differs from its cousins, Fannie Mae and Freddie Mac, in that it only purchases loans backed by the federal government.Real Estate Definition Added By: Jordan
The Government National Mortgage Association definition has been viewed 172 Time(s)!
Send To Friends!
If you'd like to send the Government National Mortgage Association definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -We hope you now understand the meaning of Government National Mortgage Association. If you need any more information on this term, please don't hesitate to contact us.
Other Similar Real Estate Terms:
Real Estate Term Chattel is Personal property such as furniture, clothing or a car.Real Estate Term Add-on interest is The interest a borrower pays on the principal for the duration of the loan.
Real Estate Term Correspondent is A mortgage banker. (See mortgage banker)
Real Estate Term Fascia is A board that connects the ends of the roof rafters and provides a surface to support gutters.
Real Estate Term Good-faith estimate is An estimate from an institutional lender that shows the costs a borrower will incur, including loan-processing charges and inspection fees.