Last edited by Kasar
Sunday, August 2, 2020 | History

3 edition of Examination of financial statements of the Government National Mortgage Association found in the catalog.

Examination of financial statements of the Government National Mortgage Association

United States. General Accounting Office

Examination of financial statements of the Government National Mortgage Association

for fiscal year 1974, Dept. of Housing and Urban Development

by United States. General Accounting Office

  • 398 Want to read
  • 12 Currently reading

Published by The Office in [Washington .
Written in English

    Subjects:
  • Corporations, Government -- United States -- Accounting.

  • Edition Notes

    Statementby the Comptroller General of the U.S.
    The Physical Object
    Pagination18 p. ;
    Number of Pages18
    ID Numbers
    Open LibraryOL22293400M

    Government National Mortgage Association Report on the Financial Statements We were engaged to audit the accompanying financial statements of the Government National Mortgage Association (Ginnie Mae), which comprise the balance sheets as of September 30, and (restated), and the related statements of revenues and expenses and changes in. Part I of this Ginnie Mae Multiclass Securities Guide contains under Heading C., entitled GINNIE MAE REMIC AND MX TRANSACTION DOCUMENTS, a selection of the forms of documents specifically for use in Ginnie Mae REMIC and MX transactions.

    Financial statements of subsequent periods need not repeat the disclosure. Which agencies are considered consolidated? The following agencies have been recognized as consolidated either by the agency reporting a survey determination as consolidated, or the agency concurred with the Working Group’s determination. The Government National Mortgage Association (GNMA), or Ginnie Mae, was established in the United States in to promote home universityofthephoenix.com a wholly owned government corporation within the Department of Housing and Urban Development (HUD), Ginnie Mae’s mission is to expand affordable housing finance in America by linking domestic and global capitalization to the nation's housing Headquarters: Washington, D.C., United States of America.

    Book-entry securities issuance and maintenance activities account for a significant amount of the work performed for other entities, with the majority performed for the Federal Home Loan Mortgage Association, the Federal National Mortgage Association, and the Government National Mortgage Association. The Government National Mortgage Association is not the owner or assignee for purposes of such requests for information solely as a result of its role as the guarantor of the security in which the loan serves as the collateral. Any periodic statement or coupon book required pursuant to 12 CFR Records of examination reports.


Share this book
You might also like
OECD environmental performance reviews.

OECD environmental performance reviews.

Movies

Movies

First Grade Skills

First Grade Skills

Eating out review.

Eating out review.

Autobiografia De UN Yogui

Autobiografia De UN Yogui

Sun Yat-sen on international cooperation.

Sun Yat-sen on international cooperation.

Anthropopolis, city for human development

Anthropopolis, city for human development

The 2000 Import and Export Market for Preserved, Concentrated or Sweetened Milk and Cream in Malta (World Trade Report)

The 2000 Import and Export Market for Preserved, Concentrated or Sweetened Milk and Cream in Malta (World Trade Report)

Teachers in research

Teachers in research

Maldives.

Maldives.

Foreign prisoners

Foreign prisoners

Cambridge anthropometry

Cambridge anthropometry

Agricultural land use in the Beatty-South Saugeen watershed.

Agricultural land use in the Beatty-South Saugeen watershed.

Stayin alive through 95

Stayin alive through 95

Hancock quadrangle, New York--Pennsylvania, 1992

Hancock quadrangle, New York--Pennsylvania, 1992

Examination of financial statements of the Government National Mortgage Association by United States. General Accounting Office Download PDF EPUB FB2

Statements of the Government National Mortgage Association (GNMA) and of the trusts for which it is trustee. Background GNMA, Department of Housing and Urban Development, is a Government- owned corporation.

It was created in September through the divi- sion of. The Government Corporation Control Act requires the General Accounting Office (GAO) to examine the financial statements of the Government Na- tional Mortgage Association (GNMA), Department of Housing and Urban De- velopment (HUD), and of the trusts for which GNMA is trustee.

Examination of financial statements of the Government National Mortgage Association: for fiscal yearDept. of Housing and Urban Development Author: United States. of the Government National Mortgage Associ-ation s special assistance functions, manage-ment and liquidating functions, nd mortgage-backed securities guaranty program.

The financial statements present fairly the fi-nancial position of the Government National Mortgage Association at September 30,and June 30,and the results of its oper. Get this from a library. Examination of financial statements of the Government National Mortgage Association for fiscal yearDept.

of Housing and Urban Development: report to the Congress. [United States. General Accounting Office.]. Get this from a library. Government National Mortgage Association examination of financial statements. [United States. General Accounting Office.; Government National Mortgage Association.].

Examination of the Government National Mortgage Association's financial statements for the month period ended September 30, Department of Housing and Urban Development: report to the Congress.

EXAMINATION OF FINANCIAL STATEMENTS OF THE FEDERAL HOME LOAN MORTGAGE /g&%_!' CORPORATION FOR THE YEARS /DECEMBER 31, AND ENDED B Federal Home Loan Bank Board who serve in this dual capacity without the Government National Mortgage Association (GNMA), (2) sell.

The Government National Mortgage Association (commonly referred to as Ginnie Mae and abbreviated to GNMA) is a U.S.

government corporation that. For 50 years, Ginnie Mae has provided liquidity and stability, serving as the principal financing arm for government mortgage loans and ensuring that mortgage lenders have the necessary funds to provide loans to customers. financial institutions that channel funds from the surplus income units to the deficit income units.

the Federal Home Loan Mortgage Corporation (FHLMC or Freddie Mac), the Government National Mortgage Association (GNMA, or Ginnie Mae), the Federal Home Loan Bank Board. A large and active secondary market makes REE Exam 1 Terms. As discussed in Note 2 to the financial statements, Ginnie Mae made $ billion (fiscal year prior period adjustments) and $ billion (fiscal year results of operations adjustments) in.

ON FINANCIAL STATEMENTS The financial statements (sch. 1 through 3) present fairly the financial position of the Government Zlational Mortgage Association at June 30, andand the results of its ooerations and the changes in financial position for the years then ended, in con.

The Association's financial statements as trustee for the Government Mortgage Liqui- dation Trust, the Federal Assets Liquida- tion Trust, and the Federal Assets Financ- ing Trust present fairly the financial po- sition of the trusts at June 30,and the results of their operations and the.

Get this from a library. Examination of the Government National Mortgage Association's financial statements for fiscal year Department of Housing and Urban Development: report to the Congress.

[United States. General Accounting Office.]. EXAMINATION OF FINANCIAL STATEMENTS OF THE GOVERNMENT NATIONAL MORTGAGE ASSOCIATION FOR FISCAL YEAR Department of Housing and Urban Development B consistent with that of the pre- ceding year and with applicable Federal laws.

Office (GAO) to examine the 2. The financial statements of GNMA. Which statements are TRUE regarding Government National Mortgage Association pass-through certificates. dealers typically quote GNMA securities at 50 basis points over equivalent maturity U.S.

government bonds, and credit risk for GNMAs is the same as for equivalent U.S government bonds. This is our report on the examination of financial statements of the Government National. Mortgage Association, Department of Housing and Urban Development, for the fiscal year ended June 30, Our examination was made pursuant to the Government Cor- poration Control Act (31 U.S.C.

Interest received by the holder of a mortgage backed pass through security is fully taxable by both federal, state, and local government.

Ginnie Mae is backed by the guarantee of the U.S. Government, making it the highest credit rated agency security. The other agencies are only implicitly backed.

Debt Quiz 1 & 2 SIE EXAM. Terms in this set () The maximum maturity on commercial paper is days (9 months) because: this is the longest maturity for the security to be exempt from the provisions of the Securities Act of Commercial paper can be issued for all of the following maturities EXCEPT.

(A) As long as the approval of a principal or branch manager is received, the RR can take the order without issue. (B) Once the client is informed that time and price discretion can only be good for the day, the RR can take the order from the client.

(C) Regardless of the time taken to execute all of the order.Book-entry securities issuance and maintenance activities account for a significant amount of the work performed for other entities, with the majority performed for the Federal Home Loan Mortgage Association (Freddie Mac), the Federal National Mortgage Association (Fannie Mae), and the Government National Mortgage Association (Ginnie Mae).to provide only audited financial statements and a computation of adjusted net worth.

Those investing lenders that are authorized to service FHA -insured mortgages are also required to submit a report on internal controls and a report on compliance.

D. Governmental Lenders. Government lenders are Federal, State or municipal.