Government National Mortgage Association

American  

noun

1. a U.S. government-owned corporation whose chief function is to help finance government-guaranteed home mortgages through the sale of bonds. GNMA

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Example Sentences

The linkage is via a little-publicized but exceptionally important agency, the Government National Mortgage Association or Ginnie Mae.

From Washington Post • Feb. 13, 2018

David Fender joined Larned State Hospital in August 2015, after serving a year as chief financial officer for the Government National Mortgage Association, or Ginnie Mae, a federally owned corporation that insures government-backed mortgages.

From Washington Times • Sep. 26, 2016

For example, the Government National Mortgage Association is often called “Ginnie Mae,” and the National Railroad Passenger Corporation is better known to us as Amtrak.

From Textbooks • Jan. 1, 2016

Some fund managers have loaded up on agency mortgage-backed securities, those bonds backed by mortgages guaranteed by Fannie Mae, Freddie Mac and the Government National Mortgage Association, because they offer higher yields than U.S.

From Reuters • Aug. 31, 2011

The reverse-mortgage market is supported by the Government National Mortgage Association, a U.S.-owned insurer of mortgage- backed securities commonly known as Ginnie Mae.

From BusinessWeek • Jun. 21, 2011