BNET Business Dictionary
Business Definition for: GNMA
- Government National Mortgage Association: a U.S.-owned corporation that issues mortgage-backed bonds.
- Also known as Ginnie Mae
Additional Resources
- Advanced Financial Inc. advises that GNMA has terminated servicing rights
- SHAWNEE, Kansas--BUSINESS WIRE--April 15, 1997--Advanced Financial Inc. (BB:AVFI)("AFI") announced that The Government National Mortgage Association ("GNMA") has advised it that GNMA deems AFI in violation of the servicing rights agreement between AFI and GNMA with respect to a mortgage portfolio in which GNMA is the investor. AFI...
- Research articles 1997-04-15
- GNMA's, FHA Speed, Duration, Callability Or How To Get Screwed Buying Government Securities
- The reason for this article is the continued use of government mortgage instruments as conservative investments where neither the investor nor the broker has hardly any idea of how they actually work. It is true that the underlying mortgages are guaranteed against default by the government, but that is effectively...
- White papers 2003-01-01
- S&P Rates Bountiful, UT GNMA Collat Mtg Rev Bnds AAA
- NEW YORK--BUSINESS WIRE--July 8, 1998--Standard & Poor's CreditWire 7/8/98 -- Standard & Poor's today assigned its triple-'A' rating to Bountiful, Utah's Government National Mortgage Association GNMA collateralized mortgage revenue bonds (Paragon Assisted Living Inc., Project) series dated July 1, 1998 due July 20, 2040.
- Research articles 1998-07-08
- Fitch Rates Puerto Rico GNMA & U.S. Government Target Maturity Fund TFSOs 'A+/F1'
- NEW YORK -- The Puerto Rico GNMA & U.S. Government Target Maturity Fund, Inc. short- and medium-term tax-free secured obligations TFSOs are rated 'F1' and 'A+', respectively, by Fitch Ratings. The ratings are based on asset coverage and collateral maintenance amount tests, as well as the track record of the...
- Research articles 2005-02-08
- Fitch Rates Puerto Rico GNMA & U.S. Government Target Maturity Fund 2007C 'AA'
- NEW YORK -- Fitch Ratings has assigned an 'AA' rating to the Puerto Rico GNMA & U.S. Government Target Maturity Fund, Inc.'s $2,500,000 100% Principal Protected Notes Linked to a Global Index Basket, 2007 Series C. The rating is based on asset coverage and basic maintenance amount tests for the...
- Research articles 2007-05-01
- Fitch Rates Puerto Rico GNMA & U.S. Government Target Maturity Fund, Inc. 2007F Notes 'AA'
- NEW YORK -- Fitch has rated the Puerto Rico GNMA & U.S. Government Target Maturity Fund, Inc.'s $4,500,000 100% Principal Protected Notes linked to a Global Index Basket, 2007 series F 'AA'. The rating is based on asset coverage and basic maintenance amount tests for the fund and the experience...
- Research articles 2007-06-26
- Fitch Rates Puerto Rico GNMA & U.S. Government Target Maturity Fund, Inc. 2007 Series B 'AA'
- NEW YORK -- Fitch rates the Puerto Rico GNMA & U.S. Government Target Maturity Fund, Inc.'s $4,500,000 principal protection absolute return barrier notes, 2007 series B 'AA'. The rating is based on asset coverage and basic maintenance amount tests for the fund, and the experience and capabilities of the asset...
- Research articles 2007-02-28
- Top GNMA Issuers
- Reflects annual issuance volume, As of December 31, 2007 dollars in millions Servicing Volume ($MM) % Rank GNMA Issuer 2007 2006 Change 1 Countrywide Calabasas, CA $20,691 $11,991 73% 2 Wells Fargo Home Mortgage Des Moines, IA $15,961 $23,840 -33% 3 JP Morgan Chase Columbus,...
- Research articles 2008-07-01
- Schwab Launches New Government National Mortgage Association —GNMA— Bond Fund; Firm's First Fixed Income Fund to Utilize GNMA Securities
- Business Editors
- Research articles 2003-02-18
- DWS Scudder Wins Two Lipper Fund Awards For Outstanding Three-Year Investment Performance
- NEW YORK -- DWS Scudder, the U.S. retail business of Deutsche Bank's Asset Management division, received two Lipper Fund Awards for outstanding investment achievement at a ceremony in New York City last night. The DWS GNMA Fund's S share class was honored as the top performing GNMA fund share class...
- Research articles 2007-03-22
- Bonds
- This article explains the meaning of Bond and various advantages and disadvantages associated with Bond index funds. It also explains that the price of the bond reacts conversely to the movement in interest rates. As rates move up, the value of a bond tends to move down. As interest rates...
- White papers 2003-01-01
- Correction: Fitch Rates Puerto Rico GNMA & U.S. Government Target Maturity Fund TFSOs 'AA/F1'
- NEW YORK -- (This is an amended version of a press release issued Feb. 8, 2005, containing revised rating information.)
- Research articles 2005-03-01
- American Mortgage Acceptance Company Announces Dividend Increase For The Second Quarter of 2002, Purchases $37.615 Million GNMA Construction Loan Certificate
- Business Editors
- Research articles 2002-06-12
- Morningstar Rates the Payden GNMA Fund Five Stars
- Business Editors
- Research articles 2002-09-26
- San Diego Hsg Auth, CA Revs Ser 98 Rtd AAA by S&P
- NEW YORK--BUSINESS WIRE--Standard & Poor's CreditWire 9/16/98-- Standard & Poor's today assigned its triple-'A' rating to San Diego Housing Authority, Calif.'s multifamily housing revenue bonds (FHA - GNMA Secured Bridgeport Proposed Apartments Project) series 1998. The rating on the bonds reflects:
- Research articles 1998-09-16
- S&P Rates Alameda Hsg Auth, CA Multifam Hsg Revs AAA
- NEW YORK--BUSINESS WIRE--Aug. 5, 1998--Standard & Poor's CreditWire 8/5/98 -- Standard & Poor's today assigned its triple-`A' rating to Alameda Housing Authority, Calif.'s multifamily housing revenue refunding bonds (GNMA collateralized; Independence Plaza Apartments) series 1998A dated Aug. 1, 1998 due Feb. 20, 2031. The bonds are scheduled to sell Aug....
- Research articles 1998-08-05
- Top-Performing Payden GNMA Fund Is Now Available on the Schwab Marketplace Platform
- Business Editors
- Research articles 2001-08-09
- S&P Rates Jefferson County, KY Multi Fam Hsg Revs AAA
- NEW YORK--BUSINESS WIRE-- Standard & Poor's CreditWire 10/16/98-- Standard & Poor's today assigned its triple-'A' rating to Jefferson County, Ky.'s multifamily housing revenue bonds GNMA Collateralized Kentucky Towers Project series 1998A and 1998B taxable dated Oct. 20, 1998. The bonds are scheduled to sell Oct. 28, 1998.
- Research articles 1998-10-16
- S&P Rates Monroe Cnty Indl Dev Agy, NY Mtg Revs 'AAA'
- NEW YORK--BUSINESS WIRE--S&P's CreditWire 9/23/98--Standard & Poor's today assigned its triple-'A' rating to Monroe County Industrial Development Agency, N.Y.'s GNMA-collateralized civic facility mortgage revenue bonds Bishop Sheen Project series 1998 dated Sept. 1, 1998 due Dec. 20, 2039. The bonds are scheduled to sell Sept. 30, 1998.
- Research articles 1998-09-23
- A Way To Make Money Off Fannie and Freddie
- David Merkel submits: Things look grim for Fannie FNM and Freddie FRE, if market reaction is the benchmark. The action in their stocks, preferred stocks, and subordinated debt was ugly on Monday. Not only did you have the article in Barron’s, which made the case that the equity of...
- External links 2008-08-18
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