Patronage.

Patronage.

GOVERNMENT NATIONAL MORTGAGE ASSOCIATION — An agency of HUD, which functions in the secondary mortgage market, primarily in social housing programs. Commonly called by the acronymic nickname “Ginnie Mae” (GNMA). GOVERNMENT SURVEY — A method of specifying the location of parcel of land using prime meridians, base lines, standard parallels, guide meridians, townships and sections. GRADE — Ground level at the foundation. GRADUATED PAYMENT MORTGAGE — Providing for partially deferred payments of principal at start of loan.