Ginnie Mae Financial Glossary

What is it? A federal association, working with FHA, that offers special assistance in obtaining mortgages, and purchases mortgages in a secondary capacity. Ginnie Maes two main programs guarantee payments to investors in mortgage-backed securities, and absorb the write-down of low-interest rate loans that are used to finance low-income housing. Formerly known as the Government National Mortgage Association (GNMA).

Finance Term Definition Added By: Matthew

The Ginnie Mae definition has been viewed 2436 Time(s)!

Send To Friends!

If you'd like to send the Ginnie Mae definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -

We hope you now understand the meaning of Ginnie Mae. If you need any more information on this term, please don't hesitate to contact us.

Other Similar Finance Terms:

Financial Term Conventional loan is A mortgage loan other than a VA loan or an FHA loan.

Financial Term dealer is A firm or an individual who buys and sells for his own account. A dealer has ownership, even if only for an instant, between a purchase from one party and a sale to another party, and is thus compensated by the spread between the price paid and the price received. Not the same as a broker, although an individual or firm may act as either a broker or a dealer in separate transactions.

Financial Term Premium is The amount you pay for insurance cover.

Financial Term Intestate is Not having made a will before your death.

Financial Term Key Blocks is A technical term--The key block is the first block on most forms. The information in this block determines what is entered to return to the Key block once you have moved out of it by using the Rollback function.