Government National Mortgage Association (GNMA); a federally owned corporation regulated by the U.S. Department of Housing and Urban Development, Ginnie Mae backs securities for private investment.
Global debt facility
Allows investors all over the world to purchase loans of U.S. dollar and foreign currency.
Good faith estimate
An estimate of charges which a borrower is likely to incur in connection with a settlement.
Graduated payment mortgages
Mortgages that begin with low monthly payments that gradually increase over a certain amount of time until they finally reach a fixed amount.
Gross income
Income before taxes.
Guaranty Fee
Payments made by a lender to Fannie Mae for the assurance of timely principal and interest payments to MBS holders.
