Ginnie Mae

Government National Mortgage Association (GNMA); 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.

Source: U.S. Department of Housing and Urban Development


A government organization that participates in the secondary market, securitizing pools of FHA, VA, and RHS loans.

Source: Ginnie Mae