Series 7: Government National Mortgage Association

Taken from our Series 7 - General Securities Representative Exam

Definition of the term Government National Mortgage Association...

a public government agency known as Ginnie Mae that guarantees the timely payment of interest and principal for certain mortgage-backed securities. It does not buy or sell mortgages or issue mortgage-backed securities. It does have the full faith and credit of the U.S. federal government.

Since you're reading about Series 7: Government National Mortgage Association, you might also be interested in:

Solomon Exam Prep Study Materials for the Series 7
Please Enable Javascript
to view this content!