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What Does Ginnie Mae – Government National Mortgage Association – GNMA Mean?

April 26, 2017Association Ginnie glossary gnma government Mae mean mortgage National

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What Does Ginnie Mae – Government National Mortgage Association – GNMA Mean?

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A U.S. government corporation within the U.S. Department of Housing and Urban Development (HUD). Ginnie May aims to: 1. Ensure liquidity for government-insured mortgages, including those insured by the Federal Housing Administration (FHA), the Veterans Administration (VA) and the Rural Housing Administration (RHA). 2. Bring investors’ capital into the market for these types of loans, so that the issuers have the means to issue more. Most of the mortgages securitized as Ginnie Mae mortgage-backed securities (MBSs) are those guaranteed by FHA, which are typically mortgages for first-time home buyers and low-income borrowers.