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Government National Mortgage Association
(redirected from Ginny Mae)

   Also found in: Legal, Financial, Wikipedia 0.03 sec.
Government National Mortgage Association: see Federal National Mortgage Association Federal National Mortgage Association (FMNA), commonly known as Fannie Mae, a privately owned and operated corporation that is the largest purchaser and guarantor of home mortgages in the country. Headquartered in Washington, D.C.
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The sponsor then resells the loan to other companies such as Fannie Mae, Freddie Mac, or Ginny Mae.
We heard about Fannie Mae and Ginny Mae and Mother May I?
Bache continued, "We have made several major acquisitions, and both our Capital Markets Group and the Mortgage Securities Division have extensive experience in packaging FHA and VA insured loans into GNMA (pronounced Ginny Mae -- stands for Government National Mortgage Association) securities, and that combined with our large network of approved correspondents will serve as a solid foundation to fuel an existing successful wholesale government loan operation.
 
 
 
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