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Ginnie Mae
Real Estate Investing Definition

The definition of Ginnie Mae is:

The Government National Mortgage Association is a wholly owned U.S. government corporation within the Department of Housing and Urban Development. Ginnie Mae was created to support a secondary market in government-insured and guaranteed mortgage loans. Ginnie Mae guarantees the timely payment of principal and interest on its securities. The full faith and credit of the United States guarantee these payments. Ginnie Mae securities are backed by pools of FHA VA and RHS insured or guaranteed mortgages.

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