What is Ginnie Mae?
GNMA: a government entity that does not originate or buy loans but guarantees the timely payment of principal and interest on MBS backed by federally insured or guaranteed loans (FHA, VA, USDA, certain HUD). Its securities carry the full faith and credit of the U.S. government.
Where you will use it: this term comes up in the Real Estate Finance course, and the full course glossary collects every term in one place.
Related terms
From the free Real Estate Finance course by Devon Coombs, CPA, MBA.