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Glossary > G > "GNMA-II" Definition

GNMA-II

Mortgage-backed securities (M.B.S.) on which registered holders receive an aggregate principal and interest payment from a central paying agent on all of their certificates. Principal and interest payments are disbursed on the 20th day of the month. GNMA-II M.B.S. are backed by multiple-issuer pools or custom pools (one issuer but different interest rates that may vary within one percentage point). Multiple-issuer pools are known as Jumbos. Jumbo pools are generally longer and offer certain mortgages that are more geographically diverse than single-issuer pools. Jumbo pool mortgage interest rates may vary within one percentage point.

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GNMA-II - Mortgage-backed securities (M.B.S.) on which registered holders receive an aggregate principal and interest payment from a central paying agent on all of their certificates. Principal and interest payments are disbursed on the 20th day of the month. GNMA-II M.B.S. are backed by multiple-issuer pools or custom pools (one issuer but different interest rates that may vary within one percentage point). Multiple-issuer pools are known as Jumbos. Jumbo pools are generally longer and offer certain mortgages that are more geographically diverse than single-issuer pools. Jumbo pool mortgage interest rates may vary within one percentage point.

GNMA-II : mortgage-backed securities (m.b.s.) on which registered holders receive an aggregate principal and interest payment from a central paying agent on all of their certificates. principal and interest payments are disbursed on the 20th day of the month. gnma-ii m.b.s. are backed by multiple-issuer pools or custom pools (one issuer but different interest rates that may vary within one percentage point). multiple-issuer pools are known as jumbos. jumbo pools are generally longer and offer certain mortgages that are more geographically diverse than single-issuer pools. jumbo pool mortgage interest rates may vary within one percentage point.