Government National Mortgage Association
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The Government National Mortgage Association, more commonly known as GNMA and Ginnie Mae, is a government-owned corporation overseen by the U.S. Department of Housing and Urban Development. Ginnie Mae pools FHA-insured and VA-guaranteed loans to back securities for private investment. Similar to Fannie Mae and Freddie Mac, the investment income provides funding that may then be lent to eligible borrowers by lenders.
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