Ginnie Mae


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Related to Ginnie Mae: Fannie Mae, Ginnie Mae Funds

Gin·nie Mae

 (jĭn′ē mā′)
n.
A security issued by the Government National Mortgage Association and secured by mortgages serviced by certain federal agencies.

[Alteration of G(overnment) N(ational) M(ortgage) A(ssociation).]

Gin•nie Mae

(ˈdʒɪn i ˈmeɪ)

n.
1. a federal agency that helps finance government-guaranteed home mortgages through the sale of securities.
2. any security sold by Ginnie Mae.
[1970–75; from the initials GNMA Government National Mortgage Association, the former name]
References in periodicals archive ?
Michael Fratantoni, chief economist for the Mortgage Bankers Association, told me "it absolutely impacts interest rates" adversely when investors cut the prices they'll pay for Ginnie Mae bonds.
The senator asked Ginnie Mae Acting President Michael Bright whether he believed any Ginnie Mae-approved companies are improperly taking advantage of VA refinancing programs, and if so, what the impact has been on taxpayers and what steps Ginnie Mae intends to take to address the issue.
Ginnie Mae securities might be considered the "safe option" for retirement investing.
In addition to China, Ginnie Mae has met with housing finance representatives from Japan, South Korea, Russia, Thailand and Taiwan in recent years.
NASDAQ: BOFI), has said that it has been approved as a Ginnie Mae issuer.
Some have suggested that a model such as that employed by Ginnie Mae (a wholly owned government corporation, in contrast to a GSE) be considered for the GSEs.
GSF's stability and expertise originating FHA, VA and USDA loans has allowed the company to meet the high standards of Ginnie Mae and become eligible for the privilege of becoming a direct servicer.
Ginnie Mae, or the Government National Mortgage Association, was established by the US Congress to promote home ownership.
GWN, founded by its current president Karen Garner, is engaged in FHA compliance and FHA lender and Ginnie Mae issuer approvals, risk and claims management as well as quality control plan review, implementation and analysis.
Despite its declining share of the overall MBS market, Ginnie Mae continues to serve its key public policy goal of providing a strong secondary market outlet for federally insured and guaranteed housing loans.
This allows Ginnie Mae investors to assume the role of mortgage lenders without any of the risks.
Under the bill Ginnie Mae would be able to guarantee securities backed by conventional mortgages that carry primary, extended and supplemental mortgage insurance.