Generic Denotes the experience and / or characteristics of the total group of a coupon of Mortgage Backed Security sector type; in contrast to another specific pool or group of collateral, for example, a specific issue of CMO (collateralized market obligation). … [Read more...]
Geographic Risk
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Geographic Risk Risk arising when an issuer’s policies are concentrated in certain geographic areas. For example, risks arising from occurrences such as hurricanes or volcanic eruptions. … [Read more...]
Geometric Mean Return
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Geometric Mean Return Also termed time weighted rate of return. Evaluates the compounded growth rate of initial market value of portfolio during the period under consideration. The calculation is based on the assumption that all cash distributions are invested again in the … [Read more...]
Gestation Repo
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Gestation Repo Agreement for reverse repurchase between securities dealers and mortgage firms wherein the firm sells MBSs that are federal agency-guaranteed and repurchases them simultaneously at a fixed price at a future date. … [Read more...]
Gift Tax
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Gift Tax Federal tax applicable on anything of value gifted to another person by the taxpayer. Items are considered gifts if the receiver pays an amount less than full value of the item or does not pay at all. The giver is required to pay the tax. … [Read more...]
Ginnie Mae
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Ginnie Mae Refer: Government National Mortgage Association. … [Read more...]
Glass-Steagall Act
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Glass-Steagall Act Act passed in 1933 whereby Congress forbade commercial banks from having ownership or underwriting or dealing in corporate bonds and stocks. … [Read more...]
Glide Path
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Glide Path Formula used with target date funds that defines the asset allocation mix. Used to create an asset mix that grows more conservative as it nears target date. … [Read more...]
Global Bonds
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Global Bonds Bonds designed to qualify for trading immediately in the Euromarket and in domestic capital markets everywhere. … [Read more...]
Global Fund
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Global Fund Mutual funds that can make investments in the U.S. as well as other countries. … [Read more...]
Globalization
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Globalization A movement toward a worldwide investment climate, prompting the integration of capital markets of different countries. … [Read more...]
Globex
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Globex Electronic trading platform where derivative, commodity contracts and futures can be traded. There is no restriction on trading arising from borders or time zones as the Globex trades continuously. … [Read more...]
GMCs (Guaranteed Mortgage Certificates)
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GMCs (Guaranteed Mortgage Certificates) GMCs represent a portion of undivided interest in conventional loans and similar participations acquired earlier by Freddie Mac. The first GMC was issued in 1975 by Freddie Mac. … [Read more...]
GNMA-I
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GNMA-I MBS securities where holders get principal and interest payments separately on every certificate held. Usually this payment is made directly by the MBS pool servicer. GNMA-I MBSs are single-issuer pools wherein the rates may vary slightly on the securities in the pool. … [Read more...]
GNMA-II
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GNMA-II Mortgage-backed securities (MBS) backed by single issuer pools where rates vary within a single percentage point or multiple issuer pools (Jumbo Pools). Registered holders are paid the aggregate principal plus interest payment by a centralized paying agent for all the … [Read more...]
GNMA Midget
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GNMA Midget Refers to the common term used by dealers for pass-through certificate by GNMA with 15 year maturity term, backed by fixed rate mortgages. … [Read more...]
Gnomes
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Gnomes Pass through securities with fixed rate, issued by Freddie Mac under the cash program, for 15-year terms. … [Read more...]
Go-Around
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Go-Around The solicitation of competing offers and bids from primary dealers, initiated by the Fed prior to buying and selling securities, undertaking repos or reverses. … [Read more...]
Go Shop Period
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Go Shop Period Provision that enables a public company to find competing offers even though it has already received a confirmed offer for its sale. The first offer becomes the floor price for comparison with other offers. … [Read more...]
