Government National Mortgage Association (Ginnie Mae)

Business / Taxes / Government National Mortgage Association (Ginnie Mae): The Government National Mortgage Association, known as Ginnie Mae, guarantees mortgage-backed securities issued by approved private institutions and marketed to investors through brokerage firms. The agency's dual mission is to provide affordable mortgage funding while creating high-quality investment securities that offer safety, liquidity, and an attractive yield. Ginnie Mae securities are backed by mortgages that are insured by either the Federal Housing Administration (FHA) or the Rural Housing Service (RHS), or guaranteed by the Department of Veterans Affairs (VA). Ginnie Mae securities are sold in large denominations — usually $25,000. But you can buy Ginnie Mae mutual funds, which allow you to invest more modest amounts. Ginnie Mae is an agency of the US Department of Housing and Urban Development (HUD).

Other Words for Association

Association Noun Synonyms: society, organization, confederation, confederacy, federation, league, union, alliance, guild, coalition, group, syndicate, combine, consortium, cooperative
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Other Words for Government

Government Verb Synonyms: rule, command, authority, regulation, control, management, direction, administration, sway, superintendence, supervision, oversight, guidance, domination
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Other Words for National

National Adjective Synonyms: nationwide, country-wide, state, governmental, civil, public, popular, federal
National Noun Synonyms: nationalistic, nationalist, patriotic, jingoistic, chauvinistic
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Government Bond

Business / Taxes / Government Bond: The term government bond is used to describe the debt securities issued by the federal government, such as US Treasury bills, notes, and bonds. They're also known as government obligations. You can bu MORE

National Farm Program Acreage

Business / Agriculture / National Farm Program Acreage: The number of harvested acres of feed grains, wheat, and cotton needed nationally to meet domestic and export use and to accomplish any desired increase or decrease in carryover levels. The acreage ba MORE

National Estuary Program

Business / Agriculture / National Estuary Program: A program established under the Clean Water Act Amendments of 1987 to develop and implement conservation and management plans for protecting estuaries and restoring and maintaining their chemical, phy MORE

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