Series 6: Government National Mortgage Association

Taken from our Series 6 - Investment Company Products/Variable Contracts 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.

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