GOVERNMENT NATIONAL MORTGAGE ASSOCIATION (GINNIE MAE)


Meaning of GOVERNMENT NATIONAL MORTGAGE ASSOCIATION (GINNIE MAE) in English

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 .

Campbell R. Harvey. Hypertextual finance English glossary.      Английский словарь гипертекстовых финансов.