Business / Real Estate / Tandem Plan: A mortgage subsidy program offered from time to time by the United States Congress. The Government National Mortgage Association (GNMA) purchases certain mortgages at below market interest rates, granting borrowers low-interest loans. GMNA sells the loans on the secondary market at a discount, the discount being the amount of the subsidy. These programs are offered in tandem with local mortgage lenders.
Plan Noun Synonyms: design, layout, blueprint, scheme, method, procedure, system, arrangement, programme, project, formula, pattern, script, scenario
Business / Finance / Plant: The assets of a business including land, buildings, machinery, and all equipment permanently employed. MORE
Business / Finance / Planning Horizon: The length of time a model or investor or plan projects into the future. MORE