Ginnie Mae

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Gin·nie Mae (j

)

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).]

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Ginnie Mae was created in 1968 as a wholly owned corporation within the Department of Housing and Urban Development (HUD).

ARM yourself with real estate's abbreviations by Polsinelli, Adelaide / Real Estate Weekly

Securities guaranteed by the Government National Mortgage Association, called GNMA securities or Ginnie Mae securities, are about as safe as Treasury bonds and have shown higher yields.

High yields, on the house: if you're worried about rising interest ... by Korn, Donald Jay / Black Enterprise

That's a pretty good environment for Ginnie Maes," he said.

Safer Havens by COLE, BENJAMIN MARK / Los Angeles Business Journal

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