Government National Mortgage Association (Ginnie Mae)

Government National Mortgage Association (Ginnie Mae)

A corporation that comes under the Department of Housing & Urban Development and is fully owned by the U.S. government. Ginnie Mae offers guarantees for the payment on time of principal plus interest for securities issued by a list of servicers who are approved. The securities are collateralized by VA-guaranteed, Farmers Home Administration (FmHA) guaranteed or FHA-issued mortgages.

Related posts:

1. Ginnie Mae
2. Government Securities
3. Agency Pass-Throughs
4. National Futures Association (NFA)
5. Government Sponsored Enterprises