Ginnie Mae, or the Government National Mortgage Association, provides guarantees for mortgage-backed securities, ensuring a steady flow of capital into the housing market.
A Ginnie Mae Pass Through is a pass-through certificate secured by a pool of mortgage loans insured by the Government National Mortgage Association (Ginnie Mae), an arm of the federal government. These securities often provide high yields with security to investors, though returns may be affected by the pattern of loan repayments on the mortgages in the pool.
Ginnie Mae, officially the Government National Mortgage Association, is a government agency within the U.S. Department of Housing and Urban Development (HUD) that guarantees the timely payment of principal and interest on securities backed by residential mortgages.
The Government National Mortgage Association (Ginnie Mae or GNMA) is a U.S. government corporation within the Department of Housing and Urban Development (HUD) that guarantees timely payments of principal and interest on mortgage-backed securities (MBS) to investors.
Government-Sponsored Enterprises (GSEs) are financial services corporations created by the United States Congress to enhance the flow of credit to specific sectors of the economy, particularly the housing sector.
Pass-Through Certificates (or Securities) represent interests in a pool of mortgages sold by mortgage bankers to investors, where money collected as monthly mortgage payments is distributed to certificate holders. These securities are often guaranteed by agencies like Ginnie Mae.
