Ginnie Mae Definition In English

• 0 the Government National Mortgage Association: a US government organization that guarantees (= promises to pay back) loans of particular home buyers if they are not paid back, allowing the organization that lent the money to make more loans:

  • Ginnie Mae funds invest in federally guaranteed mortgages, whose principal and interest payments are assured by the government.

• 1 a bond issued by the Government National Mortgage Association:

  • People with money in quasi-government bonds like Ginnie Maes or Freddie Macs have seen those bonds paid off prematurely as rates fell.