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LSDefine

Simple English definitions for legal terms

GNMA

Read a random definition: interrogee

A quick definition of GNMA:

GNMA stands for Government National Mortgage Association. It is a government agency that helps people buy homes by providing loans to lenders. These loans are then packaged together and sold to investors as securities. This helps to make more money available for people to buy homes.

A more thorough explanation:

Definition: GNMA stands for Government National Mortgage Association. It is a government-owned corporation that guarantees mortgage-backed securities issued by approved lenders.

Example: Let's say a borrower takes out a mortgage from a bank. The bank can then sell that mortgage to an approved GNMA issuer, who will pool it with other mortgages and issue mortgage-backed securities to investors. GNMA guarantees the timely payment of principal and interest on these securities, making them a safer investment for buyers.

Explanation: GNMA helps to make the mortgage market more efficient by providing a guarantee to investors. This allows lenders to sell mortgages and use the proceeds to make more loans, which helps to increase homeownership. The example shows how GNMA works by providing a guarantee to investors who buy mortgage-backed securities, which in turn helps to provide funding for more mortgages.

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medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
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