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  • ginnie mae FAQ


    What Is a Ginnie Mae?

    The Government National Mortgage Association (GNMA) operates as an agency of the U.S. Department of Housing and Urban Development.

    It buys home mortgages from the financial institutions that made


    What Is a Ginnie Mae?

    The Government National Mortgage Association (GNMA) operates as an agency of the U.S. Department of Housing and Urban Development.

    It buys home mortgages from the financial institutions that made


    You can get GNMA's at any major broker/dealer. And in come cases in you can buy for less than $25,000

    All brokers' prices should be about the same, since fixed income traders are constantly communicating with each other and are will aware


    You can get GNMA's at any major broker/dealer. And in come cases in you can buy for less than $25,000

    All brokers' prices should be about the same, since fixed income traders are constantly communicating with each other and are will aware


    I really like my Ginnie Mae mutual fund and I have had it for decades.

    You can buy Ginnie Mae bonds but they have a $25,000 minimum.


    Ginnie Mae is backed by the government. Most FHA and the VA loans are backed by it because the investors will get paid even if the borrower defaults on the loan. Ginnie Mae is also the lending branch of HUD. Fannie Mae (FNMA) is a publicly traded company,

    ginnie mae news

    Fannie Mae loses $2.4 billion in 4Q, seeks $4.6 billion more

    18.05.12

    Fannie Mae lost $2.4 billion in the fourth quarter and asked the federal government for another $4.6 billion in bailouts.

    Fannie earned a $73 million profit the same period the year before. The government-sponsored enterprise reported a $16.8 billion loss for the entire year, widening 20% from the $14 billion in losses in 2010.

    Fannie paid $2.6 billion in dividends to the Treasury Department in the fourth quarter.

    Since entering conservatorship in 2008, Fannie received $116 billion in bailouts through the end of 2011 and paid back roughly $19.8 billion.


    Source: Housing Wire

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