Definitions for "Ginnie Mae"
Keywords:  gnma, nickname, wholly, mae, fha
Also known as the Government National Mortgage Association. A part of the Department of Housing and Urban Development that buys mortgages from lending institutions and pools them to form securities, which it then sells to investors.
An informal name for the Government National Mortgage Association (GNMA) or for securities issued by it.
Government National Mortgage Association. A federally owned corporation which funds FHA and VA loans. GNMA performs the same role as Fannie Mae and Freddie Mac in providing funds to lenders for making home loans.
Keywords:  steagall, glass, act
Glass-Steagall Act
Keywords:  agencies, see
See:  AGENCIES.