Results for tag: "Government National Mortgage Association"

The Government National Mortgage Association (GNMA) is a government-sponsored enterprise (GSE) that provides liquidity to the mortgage market by purchasing and securitizing mortgages. GNMA is the largest issuer of mortgage-backed securities (MBS) in the United States. It is also the largest issuer of single-family mortgage-backed securities (SFMBS) in the world. GNMA MBS are backed by mortgages that are insured by the Federal Housing Administration (FHA), the Department of Veterans Affairs (VA), and the Rural Housing Service (RHS). GNMA MBS are also backed by mortgages that are guaranteed by the Federal National Mortgage Association (FNMA) and the Federal Home Loan Mortgage Corporation (FHLMC). GNMA MBS are attractive to investors because they are backed by the full faith and credit of the United States government. This makes them a relatively safe investment. GNMA MBS are also attractive to investors because they offer a steady stream of income. Some companies in the GNMA market include Fannie Mae, Freddie Mac, Ginnie Mae, Bank of America, Wells Fargo, JPMorgan Chase, and Citigroup. Show Less Read more