A pass-through certificate backed by fixed-rate mortgages that have maturity dates of 15 years and is guaranteed by Ginnie Mae. The backing by a government agency reduces the risk of default to the pass through holder because payment is guaranteed.
Related information about GNMA midget:
- GNMA Midget - Financial Dictionary - The Free Dictionary
A GNMA pass-through certificate backed by fixed-rate mortgages with a 15-year maturity. GNMA Midget is a dealer term and is not used by GNMA in the formal ...
- What is GNMA midget? definition and meaning
Definition of GNMA midget: A pass-through certificate backed by fixed-rate mortgages that have maturity dates of 15 years and is guaranteed by Ginnie Mae.
- What is GNMA? definition and meaning
Mentioned in these terms. GNMA midget. Browse by Letter: #ABCDEFGHIJKLMN OPQRSTUVWXYZ. Resources. Browse by subject · Tips · Answers · Videos ...
- Yahoo! Financial Glossary
GNMA Midget: A GNMA pass-through certificate backed by fixed rate mortgages with a ... GNMA Midget is a dealer term and is not used by GNMA in the formal ...
- GNMA-II Definition
GNMA-I · GNMA Midget · Multiple-Issuer Pools · Mortgage Pool · GECU Offering 3.25% APY on 60 Month CDs. Filed Under: g Tagged With: G Glossary, GNMA-II ...
- GNMA-I Definition
GNMA-II · GNMA Midget · Multiple-Issuer Pools · Mortgage Pool · Mortgage- Backed Securities Clearing Corporation. Filed Under: g Tagged With: G Glossary, ...
- GNMA-II - Financial Definition
GNMA Midget. A gnma pass-through certificate backed by fixed rate mortgages with a 15 year maturity. gnma Midget is a dealer term and is not used by gnma in ...
- G Definitions: Campbell R. Harvey's Hypertextual Finance Glossary
GNMA Midget is a dealer term and is not used by GNMA in the formal description of its programs. Gnomes: Freddie Mac's 15-year fixed-rate pass-through ...