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Investing Glossary:
Government National Mortgage Association (Ginnie Mae)
Copyright 2009,
Campbell R. Harvey. All Rights Reserved.
Do not reproduce without explicit permission.
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| Term: |
| Government National Mortgage Association (Ginnie Mae)
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| Definition: |
| 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.
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