Full Form of GNMA
| Full Form: | Government National Mortgage Association |
|---|---|
| Category: | Governmental |
| Sub Category: | Governmental |
What is GNMA Full Form?
GNMA full form is Government National Mortgage Association.
What is Government National Mortgage Association?
Government National Mortgage Association refers to a federal government corporation that guarantees the timely payment of principal and interest on mortgage-backed securities (MBSs) issued by approved lenders. The association is commonly known as Ginnie Mae and is abbreviated to GNMA. Ginnie Mae's assurance allows mortgage lenders to obtain a better price for MBSs in the capital markets.