Government National Mortgage Association (GNMA)

The Government National Mortgage Association (GNMA), also known as Ginnie Mae, is a U.S. government agency that supports the housing market. It guarantees the timely payment of mortgage-backed securities (MBS) made up of loans primarily for low- to moderate-income borrowers and government-insured loans like FHA, VA, and USDA loans. By doing so, Ginnie Mae helps lenders sell these loans more easily, increasing the availability of affordable home financing. Its role is to promote stable housing markets and provide investors with secure, steady returns backed by the U.S. government.