Ginnie Mae

Ginnie Mae, or the Government National Mortgage Association, is a U.S. government agency that helps make home loans more accessible to Americans. It guarantees mortgage-backed securities, meaning it promises investors that they will receive timely payments even if borrowers default. This assurance encourages lenders to offer more loans, keeping interest rates lower. By supporting affordable housing, Ginnie Mae plays a crucial role in the housing market, helping people achieve homeownership while promoting economic stability.