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Ginnie Mae, Government National Mortgage Association, GNMAGNMA or "Ginnie Mae," is an agency within the U.S. Department of Housing and Urban Development. A government-owned agency, it buys mortgages from lending institutions and pools them to form securities, which it then sells to investors. The agency guarantees timely payment of both interest and principal. |
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Related Mortgage Definitions: Ginnie Mae, Government National Mortgage Association, GNMA Ginnie Mae, Government National Mortgage Association, GNMA GNMA or "Ginnie Mae," is an agency within the U.S. Department of Housing and Urban Development. A government-owned agency, it buys mortgages from lending institutions and pools them to form securities, which it ... more... HUD HUD The Department of Housing and Urban Development (HUD) was established by the Housing and Urban Development Act of 1965. A federal agency actively engaged in housing programs and related activities including urban renewal, model cities, block grants, public housing and ... more... |
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