Glossary
Ginnie Mae
Government National Mortgage Association (also GNMA) is a wholly-owned United States corporation that guarantees privately issued securities backed by pools of mortgages insured by FHA (Federal Housing Administration), FMHA (Farmers Home Administration) or VA (Veterans Administration).
Graduated Payment Mortgage
A loan in which monthly payments are relatively small in the beginning and gradually increase in dollar amount over the life of the mortgage.
Grantee
A person who acquires an interest in land by deed, grant, or other written instrument.
Grantor
A person, who, by a written instrument, transfers to another an interest in land.
Guardian
One appointed by the court to administer the affairs of an individual not capable of administering his or her own affairs.
