If you are searching for the meaning of Ginnie Mae in real estate and also a definition of Ginnie Mae, then this blog post is helpful for you
Definition
The common nickname for the Government National Mortgage Association. Ginnie Mae was
created in 1968 as a wholly-owned corporation within the Department of Housing and Urban
Development (HUD), having been separated from Fannie Mae. Ginnie Mae does not loan money
for mortgages. Instead, it operate in the secondary mortgage market, buying loans and selling
mortgage-backed securities investors, which in turn, increases the availability of mortgage credit.
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