Popular Mortgage Terms

Ginnie Mae Defined

Ginnie Mae: also known as the Government National Mortgage Association (GNMA); a government-owned corporation overseen by the U.S. Department of Housing and Urban Development, Ginnie Mae pools FHA-insured and VA-guaranteed loans to back securities for private investment; as with Fannie Mae and Freddie Mac, the investment income provides funding that may then be lent to eligible borrowers by lenders

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The definitions of the mortgage terms have been taken from various reliable government
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