GNMA
Government & Politics abbreviation · US Federal Agency
| Stands for | Government National Mortgage Association |
|---|---|
| Categories | Government & Politics |
GNMA stands for Government National Mortgage Association, a US federal agency abbreviation also used in business.
Government corporation within HUD, known as Ginnie Mae, that guarantees timely payment on mortgage-backed securities made up of loans insured by the FHA, VA and USDA. Its guarantee carries the full faith and credit of the United States.
Example: The bond fund holds GNMA pools because they carry an explicit federal guarantee.
Usage notes
Created in 1968 when Fannie Mae was split into a privately owned company and a government agency, Ginnie Mae does not buy or originate loans; approved lenders issue the securities and Ginnie Mae guarantees them. That explicit government backing distinguishes it from Fannie Mae and Freddie Mac.
Related abbreviations
More US federal agency abbreviations
- FRB – Board of Governors of the Federal Reserve System
- FSA – Federal Student Aid
- FSIS – Food Safety and Inspection Service
- FTA – Federal Transit Administration
- FTC – Federal Trade Commission
- GAO – U.S. Government Accountability Office
- GPO – U.S. Government Publishing Office
- GSA – U.S. General Services Administration
- HHS – United States Department of Health and Human Services
- HRSA – Health Resources and Services Administration
- HSI – Homeland Security Investigations
- HUD – United States Department of Housing and Urban Development