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Government National Mortgage Association (Ginnie Mae)

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Government National Mortgage Association (Ginnie Mae)
Definition: A wholly owned U.S. government corporation within the Department of Housing & Urban Development. Ginnie Mae guarantees the timely payment of principal and interest on securities issued by approved servicers that are collateralized by FHA-issued, VA-guaranteed, or Farmers Home Administration (FmHA)-guaranteed mortgages.

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Government National Mortgage Association (Ginnie Mae)

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