Updated May 3, 2024

Ginnie Mae Customer FAQ

Overview

Ginnie Mae, short for Government National Mortgage Association, is a government-owned corporation created in 1968. Its primary role...

Ginnie Mae's mission is to promote affordable housing and assist in the stability and affordability of the U.S. housing market. It...

Ginnie Mae, also known as the Government National Mortgage Association, plays a vital role in the mortgage market. Its primary function...

Ginnie Mae, also known as the Government National Mortgage Association (GNMA), differs from Fannie Mae and Freddie Mac in several key...

Ginnie Mae guarantees and issues mortgage-backed securities (MBS) backed by federally insured or guaranteed loans. These include securities...

Ginnie Mae I and Ginnie Mae II Mortgage-Backed Securities (MBS) are both issued by the Government National Mortgage Association (GNMA),...

Yes, Ginnie Mae is backed by the federal government. As a government-owned corporation, it operates within the Department of Housing...

To sell mortgages to Ginnie Mae, certain requirements must be met. Firstly, the loans must be insured or guaranteed by the Federal...

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FAQ Table of Contents

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Updated May 3, 2024