(GNMA, Ginnie Mae) A wholly-owned government corporation within the U.S. Dept. of Housing and Urban Development helping to finance government-assisted housing programs. Ginnie Mae guarantees securities backed by pools of mortgages. The mortgages are insured by the Federal Housing Administration (FHA), or guaranteed by the Veterans Administration (VA) or by the Rural Housing Service (RHS). Ginnie Mae securities are bought and sold through financial institutions that trade government securities.
A government-owned corporation created in 1968 within the U.S. Department of Housing and Urban Development (HUD) that provides funds to lenders for making government home loans.
Ginnie Mae: A wholly owned government corporation within the Department of Housing and Urban Development. It helps raise funds for the mortgage market by guaranteeing securities backed by pools of mortgages.
A federal association, working with FHA, which offers special assistance in obtaining mortgages, and purchases mortgages in a secondary capacity.
(GNMA) - A government-owned corporation within the U.S. Department of Housing and Urban Development (HUD). Created by Congress in 1968, GNMA has responsibility for the special assistance loan program known as Ginnie Mae.
Also referred to as "Ginnie Mae". An agency of the federal Department of Housing and Urban Development empowered to provide assistance in financing home mortgages. GNMA is responsible for management and liquidation of federally owned mortgage portfolios, and issues bonds that are secured by single family mortgages, and guaranteed by the full faith and credit of the U.S. Government. (Payment of principal and interest are backed by the full faith & credit of the U.S. goverment but does not eliminate market risk).
A federal government-sponsored enterprise that issues securities backed by a pool of mortgages and guaranteed by GNMA, which passes through to investors the principal and interest payments of homeowners.
A government organization that participates in the secondary market, buying, selling and guaranteeing FHA and VA loans.
A government agency part of the Department of Housing and Urban Development (HUD) that buys VA and FHA loans from lenders, securitizes them, and sells them to investors.
An agency that buys home loans from lenders, pools them with other loansand tsells shares to investors. Ginnie Mae differs from its cousins (Fannie Mae) (Freddie Mac) because it only purchases loans backed by the federal government.
GNMA ) A government-owned corporation which guarantees payment of interest and principal of mortgage-backed pass through securities. The corporation is nicknamed Ginnie Mae.
Government obligations Government securities
A governmental agency that was created in 1968 with the purpose of facilitating the access of mortgage money by creating a secondary market for government mortgages (FHA and VA).
Provides sources of funds for residential mortgages, insured or guaranteed by FHA or VA. Also known as Ginnie Mae.
Created in 1968 as a wholly owned corporation within the Department of Housing and Urban Development (HUD), its purpose being to serve moderate to low income homebuyers.
Government agency created in 1968; Insures mortgage-backed securities based on FHA and VA loans.
Also known as 'Ginnie Mae.' A government corporation that provides special assistance for the purchase of certain FHA and VA mortgages and guarantees securities based by pools of mortgage loans.
A government corporation within the U.S. Department of Housing and Urban Development that helps finance government-assisted housing programs.
On September 1, 1968, Congress enacted legislation to partition FNMA into two continuing corporate entities. GNMA assumed responsibility for the special assistance loan program and also administers the GNMA mortgage-backed securities program. GNMA participates in the secondary market, buying, selling and guaranteeing FHA and VA loans.
A federal corporation popularly known as Ginnie Mae. It is mainly involved in the administration of the mortgage-backed securities program and other federal programs.
Agency within the U.S. Department of Housing and Urban Development that buys mortgages from lending institutions and pools them to form securities, known as “Ginnie Maes,†which are then sold to investors.
Mortgage securities issued and guarantied, as to timely interest and principal payments, by the Government National Mortgage, an agency within the Department of Housing and Urban Development (HUD).
A government owned agency that acts as a secondary market conduit for FHA and VA loans. GNMA guarantees the timely principal and interest payments to investors.
A government corporation within the Department of Housing and Urban Development (HUD) that provides assistance for the purchase of certain Federal Housing Administration (FHA) and Veterans Administration (VA) mortgages and guarantees securities backed by pools of mortgage loans.
A government-owned corporation within the U.S. Department of Housing and Urban Development (HUD) that guarantees securities backed by mortgages that are insured or guaranteed by other government agencies. Popularly known as Ginnie Mae.
A wholly owned U.S. government corporation within the Department of Housing & Urban Development. Ginnie Mae guarantees the timely payment of principal and interest on securities issued by approved servicers that are collateralized by FHA-issued, VA-guaranteed, or Farmers Home Administration (FmHA)-guaranteed mortgages.
Government sponsored corporation by the U.S. Department of Housing and Urban Development (HUD), GNMA or Ginnie Mae. Special assistance loan program formerly administered by Fannie Mae.
Also known as Ginnie Mae. Provides sources of funds for residential mortgages, insured or guaranteed by the FHA or VA.
A federal agency that guarantees mortgage securities that are issued against pools of FHA and VA mortgage loans.
Commonly known as Ginnie Mae, this agency buys home loans from lenders, pools them with other loans and sells shares to investors. Unlike similar agencies Fannie Mae and Freddie Mac, Ginnie Mae only purchases loans backed by the federal government.
a federally sponsored corporation that insures mortgage backed securities, and offers financing options to homebuyers.
(GNMA) Also known as "Ginnie Mae," this government agency functions in the secondary market but does not purchase mortgage loans; instead it approves " loan poolers" and issues government guarantees for certain FHA, VA or Farmers Home Administration (FmHA) loans. Ginnie Mae is similar to Freddie Mac and Fannie Mae, except that Ginnie Mae concentrates on government, non-conventional loans. For more information, see the "Ginnie Mae" article in the "Mortgage Industry" section.
Created in 1968 by an amendment to Title III of the National Housing Act, this federal government corporation is a constituent part of the Department of Housing and Urban Development. Among other governmental functions, it guarantees securities backed by mortgages that are insured or guaranteed by other government agencies (such as FHA and VA).
A government-owned corporation within the U.S. Department of Housing and Urban Development (HUD). Created by Congress on September 1, 1968, GNMA performs the same role as Fannie Mae and Freddie Mac in providing funds to lenders for making home loans. The difference is that Ginnie Mae provides funds for government loans (FHA and VA)
Also known as Ginnie Mae. 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.
Commonly known as Ginnie Mae, a part of the federal Department of Housing and Urban Development that guarantees securities backed by mortgages that are insured or guaranteed by other government agencies.
Also known as Ginnie Mae, this is another government-owned corporation performs the same role as Fannie Mae and Freddie Mac in providing funds to lenders for making home loans - with the only difference being that Ginnie Mae provides funds for government loans (FHA and VA).
The source of funds for FHA or VA residential mortgages.
A federal agency created in 1968 when the Federal National Mortgage association (FNMA) was partitioned into two separate corporations. "Ginnie Mae," as it is popularly called, is a corporation without capital stock and is a division of HUD. The GNMA operates the special assistance aspects of federally aided housing programs and has the management and liquidating functions of the old FNMA. The FNMA is authorized to issue and sell securities backed by a portion of its mortgage portfolio, with the GNMA guaranteeing payment on such securities. Ginnie Mae Online
A government-owned corporation within the U.S. Department of Housing and Urban Development, it is also referred to as 'Ginnie Mae,'. This government agency guarantees the payment of principal and interest on all of its pass-through securities, and its guarantee is backed in turn by the full faith and credit of the U.S. Government.
An agency within the U.S. Department of Housing and Urban Development (HUD) that buys mortgages and pools them to form securities that are then sold to investors.
Government agency that provides funds for VA and FHA loans.
(also called Ginnie Mae) - Federal program that guarantees timely payment of mortgage backed-securities by either the Federal Government or such guaranteed loans as Federal Housing Authority (FHA) loans. Mortgage backed securities are grouped together mortgages used as collateral for the issuance of secondary market securities. Ginnie Mae issues no loans itself. Ginnie Mae operates within the federal Department of Housing and Urban Development (HUD).
Ginnie Mae is a special assistance loan program sponsored by the U.S. Department of Housing and Urban Development (HUD).
The government agency which provides funding for all or parts of certain residential mortgage loans.
Commonly known as Ginnie Mae, this agency buys home loans from lenders, pools them with other loans and sells shares to investors. Ginnie Mae differs from its cousins, Fannie Mae and Freddie Mac, in that it only purchases loans backed by the federal government.
Also referred to as "Ginnie Mae," this government agency guarantees the timely payment of principal and interest on all of its pass-through securities; its guarantee is backed in turn by the full faith and credit of the U.S. Government. Holders of Ginnie Mae-issued bonds and certificates will receive their payments promptly each month, whether or not mortgage payments are collected; they will also receive full repayment of principal even if the mortgages in the pool default.
Provides funds for government loans and takes over special assistance and liquidation functions of Fannie Mae.
A government corporation that provides primary mortgages through bond issuances. Its securities are called Ginnie Maes.
Called "Ginnie Mae"; a government part of the secondary market that deals primarily in recycling VA and FHA mortgages, particularly those that are highly leveraged.
A government-owned corporation that guarantees privately issued mortgage-backed securities.
A government-owned agency which buys mortgages from lending institutions, securitizes them, and then sells them to investors. Because the payments to investors are guaranteed by the full faith and credit of the U.S. Government, they return slightly less interest than other mortgage-backed securities.
A government agency part of HUD that guarantees VA and FHA loans for lenders, securitizes them and sells Ginnie Mae securities to investors.
A government-backed corporation which sells securities to raise money to subsidize loans. (Known as Ginnie Mae.)
A government organization to assist in housing finance. There are 2 main programs: 1. to guarantee payments to investors in mortgage-backed securities 2. to absorb the write-down of low-interest rate loans that are used to finance low-income housing
(GNMA OR GINNIE MAE). Securities guaranteed by GNMA and issued by mortgage bankers, commercial banks, savings and loan associations and other institutions. Security holder is protected by full faith and credit of the U.S. Government. Ginnie Mae securities are backed by FHA, VA, or FMHM mortgages. The term passthroughs is often used to describe Ginnie Maes.
Ginnie Mae” is a governmental part of the secondary market that deals primarily in recycling VA and FHA mortgages, particularly those which are highly leveraged (e.g. no or low down payment).
This government agency buys home loans from lenders, pools them with other loans and sells shares to investors. However, unlike Fannie Mae and Freddie Mac, Ginnie Mae only purchases loans backed by the federal government. (Commonly known as Ginnie Mae)
Nicknamed Ginnie Mae, a government-owned corporation that is an agency of the Department of Housing and Urban Development. Ginnie Maes are pools of residential mortgages. GNMA guarantees, with the full faith and credit of the US Government, that investors will receive full and timely principal and interest payments even if mortgages in the pool are not paid on a timely basis. See: Federal National Mortgage Association; Full Faith And Credit; Ginnie Mae Pass Through; Principal
An offshoot of the FNMA, a wholly-owned government corporation (operated by the Department of Housing and Urban Development - HUD) that provides primary mortgages through bond issuances carrying no tax exemptions.
A government corporation, supervised by the Department of Housing and Urban Development, that provides special assistance for the purchase of certain FHA and VA mortgages, and guarantees securities backed by pools of mortgages loans; commonly called Ginnie Mae.
Nicknamed Ginnie Mae, the Government National Mortgage Association is a government-sponsored enterprise that acts as a middleman in residential mortgages, particularly those for low-income housing. It is owned by the Department of Housing and Urban Development and has a two-part role: It helps to provide lenders with money for home loans by buying the mortgages they issue, and it guarantees interest and principal payments on certain mortgage-backed securities. Shares of Ginnie Mae stock are traded on the New York Stock Exchange. Bonds issued by Ginnie Mae are called agency bonds, which are almost as safe as Treasurys, but pay better yields.
On Sept.1, 1968, Congress enacted legislation to partition GNMA into two continuing corporate entities. GNMA has assumed responsibility for the special assistance loan program and the management and liquidation function of the older FNMA. Also, GNMA administers the mortgage-backed securities program which channels new sources of funds into residential financing through the sale of privately issued securities carrying a GNMA guaranty. Popularly known as Ginnie Mae.
Ginnie Mae A part of the U.S. Department of Housing and Urban Development that guarantees mortgage-backed securities and manages a portfolio of federally-owned mortgages. Ginnie Mae does not purchase loans.
agency also known as Ginnie Mae which purchases only government-backed loans then resells them to investors.
Often called "Ginny Mae." A government investor in mortgage secured debt.
A goverment-owned agency, also known as "Ginnie Mae," that provides sources of funds for residential mortgages. Guaranteed or insured by the Federal Housing Administration (FHA) or the Veterans Administration (VA).
A government-owned corporation within the U.S. Department of Housing and Urban Development (HUD). Created by Congress on September 1, 1968, GNMA assumed responsibility for the special assistance loan program formerly administered by Fannie Mae. Popularly known as Ginnie Mae.
Provide funds for residential mortgages which insured or guaranteed by FHA or VA. More commonly known as "Ginnie Mae"
See Ginnie Mae. government survey method
Nickname for Government National Mortgage Association. These debt securities have the objective of funding high-risk mortgages for high-risk borrowers, typically in areas approved for government construction projects that have no other funding sources. The government body also buys home loans issued by others, such as commercial banks, mortgage banks, and insurers and, after pooling them together, sells shares to investors. Unlike Fannie Mae and Freddie Mac, Ginnie Maes are backed by the United States and thus have a high credit standing.
A quasi-governmental organization organized when FNMA was split into two divisions in 1968. GNMA administers and guarantees mortgage-backed securities.
A wholly owned government agency that helps raise funds for the mortgage market by issuing securities backed by pools of mortgages with the full faith and credit of the U.S. Treasury.
Also known as GNMA or "Ginnie Mae", they are a federal agency (part of HUD) and a major participant in the buying and selling of loans in the secondary mortgage market.
Branches of a government agency HUD that purchases VA and FHA loans then sells Ginnie Mae securities to investors on Wall street.
A government-owned corporation within the U.S. Department of Housing and Urban Development (HUD). Created in 1968, GNMA assumed responsibility for the special assistance loan program formerly administered by FNMA. Commonly called Ginnie Mae.
(GNMA or Ginnie Mae) A government organization that participates in the secondary market, securitizing pools of FHA, VA, and RHS loans.
The Government National Mortgage Association (GNMA, also known as Ginnie Mae) was created by the United States Federal Government through a 1968 partition of the Federal National Mortgage Association. The GNMA is a wholly owned corporation within the United States' Department of Housing and Urban Development (HUD). Its main purpose is to provide financial assistance to low- to moderate-income homebuyers, by promoting mortgage credit.