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Ginnie Mae

   Also found in: Dictionary/thesaurus, Legal, Acronyms, Encyclopedia, Wikipedia, Hutchinson 0.06 sec.
Ginnie Mae
See: Government National Mortgage Association
Ginnie Mae
A wholly owned government association that operates the mortgage-backed securities program designed to facilitate the flow of capital into the housing industry. Ginnie Mae-approved private institutions issue mortgage-backed securities with payments that are guaranteed even if borrowers or issuers default on their obligations. Ginnie Mae was created in 1968 when the Federal National Mortgage Association was partitioned into two parts. Formerly called Government National Mortgage Association. See also Ginnie Mae pass through, mobile home certificate.
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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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