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Ginnie Mae

Ginnie Mae - Government National Mortgage Association (GNMA).  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.  As with Fannie Mae and Freddie Mac, the investment income provides funding that may then be lent to eligible borrowers by lenders.

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