Ginnie
Mae
See Government National Mortgage Association.
Government National Mortgage Association (GNMA)
Graduated Payment Mortgage (GPM)
A type of flexible-payment mortgage where the payments increase
for a specified period of time and then level off. This type of
mortgage has negative amortization built into it.
Guaranty
A promise by one party to pay a debt or perform an obligation contracted
by another if the original party fails to pay or perform according
to a contract.
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