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Ginnie Mae

The financial definition for Ginnie Mae:

See: Government National Mortgage Association




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Ginnie Mae pass through

Ginnie Mae pass through
A security guaranteed by the Government National Mortgage Association that is backed by a collection of mortgages, in which the investor receives the interest and principal payments of participating homeowners.


Government National Mortgage Association (Ginnie Mae)

Government National Mortgage Association (Ginnie Mae)
A wholly owned U.S. government corporation within the Department of Housing & Urban Development. Ginnie Mae guarantees the timely payment of principal and interest on securities issued by approved servicers that are collateralized by FHA-issued, VA-guaranteed, or Farmers Home Administration (FmHA)-guaranteed mortgages.




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