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Thursday, November 21, 2019

What is the mean by Ginnie Mae in real estate?

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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