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Terms Beginning with G
                       
                       
 G20   Genomics    Government enterprises  
 G7   Genotype   Government gross investment  
 G8   Ginnie Mae   Government Mortgage Loan  
 GAAP   Gland   Governmental Entity  
 GAAP Combined Ratio   Glioblastoma Multiforme GBM   Grade Ore  
 GAFO Retail   Gold   Graphite  
 Gal   Good Manufacturing Practice GMP   Greenfield  
 Galvanizing   Goodwill   Greenhouse Gases  
 Gene   Goodwill Impairment   Gross Calorific Value  
 Gene Products   Government consumption expenditures   Gross domestic income GDI  
                 
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Ginnie Mae

Financial Term


Ginnie Mae, or the Government National Mortgage Association, is a government agency under the Department of Housing and Urban Development (HUD). It was created in 1968 to promote homeownership by guaranteeing mortgage-backed securities (MBS) issued by lenders who participate in federal housing programs.

Ginnie Mae's main role is to issue and guarantee MBS, which are investment securities backed by pools of mortgages. By guaranteeing these securities, Ginnie Mae helps to ensure that investors will continue to fund mortgages and support the housing market.

Ginnie Mae operates three MBS programs: the Ginnie Mae I program, the Ginnie Mae II program, and the Ginnie Mae Platinum program. The Ginnie Mae I program pools mortgages backed by the Federal Housing Administration (FHA), the Department of Veterans Affairs (VA), and the Department of Agriculture's Rural Development program. The Ginnie Mae II program pools mortgages backed by the same agencies but allows for adjustable-rate mortgages and jumbo loans.

Additionally, Ginnie Mae provides liquidity to the mortgage market through its mortgage servicing right (MSR) program. Under this program, Ginnie Mae purchases MSRs from approved servicers, allowing these servicers to use the cash received to finance new mortgage loans.

In summary, Ginnie Mae guarantees MBS backed by government-administered mortgages, providing stability and liquidity to the housing market. Its role is critical to the financial industry as it allows lenders to issue mortgages with the confidence that these loans will be financed by investors.


   
     

Ginnie Mae

Financial Term


Ginnie Mae, or the Government National Mortgage Association, is a government agency under the Department of Housing and Urban Development (HUD). It was created in 1968 to promote homeownership by guaranteeing mortgage-backed securities (MBS) issued by lenders who participate in federal housing programs.

Ginnie Mae's main role is to issue and guarantee MBS, which are investment securities backed by pools of mortgages. By guaranteeing these securities, Ginnie Mae helps to ensure that investors will continue to fund mortgages and support the housing market.

Ginnie Mae operates three MBS programs: the Ginnie Mae I program, the Ginnie Mae II program, and the Ginnie Mae Platinum program. The Ginnie Mae I program pools mortgages backed by the Federal Housing Administration (FHA), the Department of Veterans Affairs (VA), and the Department of Agriculture's Rural Development program. The Ginnie Mae II program pools mortgages backed by the same agencies but allows for adjustable-rate mortgages and jumbo loans.

Additionally, Ginnie Mae provides liquidity to the mortgage market through its mortgage servicing right (MSR) program. Under this program, Ginnie Mae purchases MSRs from approved servicers, allowing these servicers to use the cash received to finance new mortgage loans.

In summary, Ginnie Mae guarantees MBS backed by government-administered mortgages, providing stability and liquidity to the housing market. Its role is critical to the financial industry as it allows lenders to issue mortgages with the confidence that these loans will be financed by investors.


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