Government National Mortgage Association Ginnie Mae Meaning & Definition

Government National Mortgage Association Ginnie Mae

What is a Government National Mortgage Association Ginnie Mae

A government corporation, which provides liquidity to the mortgage markets by purchasing pools of mortgages which have been insured by the Federal Housing administration and the Veterans Administration. Ginnie Mae issues pass through certificates to investors backed by the pools of mortgages.

SecuritiesCE Explains Government National Mortgage Association Ginnie Mae