Mortgage Glossary
Ginnie Mae
Defined by Onias Derilus, Mortgage Capital · NMLS# 1859012 · Florida licensed mortgage broker
Ginnie Mae is a government agency that guarantees mortgage-backed securities composed of government-insured loans like FHA, VA, and USDA.
What Ginnie Mae means
Unlike Fannie and Freddie, Ginnie Mae doesn't buy loans; it guarantees the securities, channeling investor money into government lending programs.
Florida example
A Florida FHA loan is pooled into a Ginnie Mae security sold to investors. That guarantee lowers the cost of capital, which helps keep FHA and VA rates competitive.
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