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GINNIE MAE

   Also found in: Dictionary/thesaurus, Legal, Financial, Encyclopedia, Wikipedia, Hutchinson 0.03 sec.
AcronymDefinition
GINNIE MAEGovernment National Mortgage Association


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Ginnie Mae was created in 1968 as a wholly owned corporation within the Department of Housing and Urban Development (HUD).
Securities guaranteed by the Government National Mortgage Association, called GNMA securities or Ginnie Mae securities, are about as safe as Treasury bonds and have shown higher yields.
That's a pretty good environment for Ginnie Maes," he said.
 
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