Ginnie Mae bundles VA and Federal Housing Administration loans into mortgage bonds that are purchased by investors who receive
guarantees of timely payments.
Not exact matches
These are exempt from state income tax and are either
guaranteed or backed as to the
timely payment of principal and interest.
A part
of the Department
of Housing and Urban Development, Ginnie Mae
guarantees the
timely payment of mortgage bonds that include federally insured or
guaranteed loans, such as FHA mortgages.
The market values
of government securities are not
guaranteed and may fluctuate but these securities are
guaranteed as to the
timely payment of principal and interest.
1T - Bills are
guaranteed as to the
timely payment of principal and interest by the U.S. Government and generally have lower risk - and - return than bonds and equity.
Securities owned by the fund, but not shares
of the fund, are
guaranteed by the U.S. government, its agencies or instrumentalities as to
timely payment of principal and interest.
Government bonds and Treasury bills are
guaranteed by the US government as to the
timely payment of principal and interest and, if held to maturity, offer a fixed rate
of return and fixed principal value.
Agency securities are
guaranteed by the U.S. government as to the
timely payment of principal and interest, however this
guarantee does not apply to the yield, nor does it protect against loss
of principal if the bonds are sold prior to the
payment of all underlying mortgages.
Specialized insurance firms serving the fixed - income market that
guarantee the
timely payment of principal and interest on bonds they insure in exchange for a fee.
However, longer - dated U.S. Treasuries (
guaranteed by the federal government as to the
timely payment of principal and interest) tend to be more rate - sensitive than other types
of bonds.
Data Source: Thomson Reuters, 1/18; * T - Bills are
guaranteed as to the
timely payment of principal and interest by the U.S. Government and generally have lower risk - and - return than bonds and equity.
Our Online and Mobile Banking Security
Guarantee helps provide protection against fraudulent Online Banking transactions, secures your financial information and covers the
timely processing
of your
payments.
Pass - through securities issued by Fannie Mae are
guaranteed as to
timely payment of principal and interest by Fannie Mae but are not backed by the full faith and credit
of the United States Government.
However,
timely payment of interest and principal
of these pools may be supported by various forms
of insurance or
guarantees, including individual loan, title, pool and hazard insurance and letters
of credit.
Freddie Mac
guarantees the
timely payment of interest and ultimate collection
of principal, but PCs are not backed by the full faith and credit
of the United States Government.
A bond insurer
guarantees timely payment of principal and interest in the event
of a default.
The National Housing Act authorized GNMA to
guarantee the
timely payment of principal and interest on securities backed by a pool
of mortgages insured by the Federal Housing Administration (FHA) or
guaranteed by the Department
of Veterans Affairs.
GNMA's are
guaranteed by the U.S. government as to the
timely principal and interest, however this
guarantee does not apply to the yield, nor does it protect against loss
of principal if the bonds are sold prior to the
payment of all underlying mortgages.
Freddie Mac
guarantees timely monthly
payment of interest on PCs and the ultimate
payment of principal, but its issues are not backed by the full faith and credit
of the U.S. government.
The Wage Earner Protection Program (WEPP) under the Bankruptcy and Insolvency Act provides
guaranteed and
timely payment of unpaid wages, vacation pay (on or after July 7, 2008), as well as unpaid severance and termination pay to eligible workers (on or after January 27, 2009) whose employers go bankrupt or are in receivership, up to an amount equalling four weeks maximum insurable earnings under the Employment Insurance (EI) Act (currently about $ 3,000).
This
guaranteed period or «term» that a death benefit will be paid (only upon death
of the insured) is the reason this kind
of insurance policy is called «term life insurance», Other permanent types
of insurance contracts also exist such as whole life insurance and universal life insurance, which will never expire as long as all premium
payments are made in a
timely manner to the insurance company.
Whole life insurance
guarantees a minimum cash value throughout the life
of the policy if all premium
payments are made in a
timely manner.
A
guaranteed life insurance policy
guarantees continuity
of the cover as long as the insured individual is flawlessly regular with
timely payment of premium.
Maintained up - to - date knowledge
of store policies regarding
payments, returns and exchanges.Prevented store losses using awareness, attention to detail and integrity.Excelled in exceeding daily credit card application goals.Developed highly empathetic client relationships and earned reputation for exceeding sales goals.Worked as a team member performing cashier duties, product assistance and cleaning.Assisted customers with store and product complaints.Guaranteed positive customer experiences and resolved all customer complaints.Responsible for ringing up customers in a
timely manner and
guaranteeing high level
of customer service.Assisted customers in finding out -
of - stock items.Recommended, selected and helped locate merchandise based on customer needs and desires.Replenished merchandise shelves with items from the stockroom.Organized the store by returning all merchandise to its proper place.
Investors, or groups
of them, that buy Fannie and Freddie mortgage - backed securities receive a
guarantee that «we will supplement amounts received by the trust as required to permit
timely payment of principal and interest,» according to Fannie Mae.