GOVERNMENT NATIONAL MORTGAGE ASSOCIATION

Government National Mortgage Association.A federally owned corporation in the U.S. Department of Housing and Urban Development responsible for guaranteeing mortgage-backed securities composed of FHA-insured or VA-guaranteed mortgage loans. • The Association purchases, on the secondary market, residential mortgages originated by local lenders; it then issues federally insured securities backed by these mortgages. — Abbr. GNMA.…

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GOVERNMENT-IN-EXILE

government-in-exile. An individual or group of individuals residing in a foreign country while (1) claiming supreme authority over a country, (2) being recognized by the hosting country as the supreme authority over that other country, and (3) being organized to perform and actually performing some acts of state on behalf of the home country. [Blacks…

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