Mortgage Dictionary

A guide to mortgage and real estate terminology
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Government National Mortgage Association (Ginnie Mae) 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, and advesrtised by the US government as "the only mortgage-backed security that enjoys the full faith and credit of the United States Government".
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For more information, visit the Ginnie Mae website.


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