National Mortgage Association

The National Mortgage Association, commonly known as Ginnie Mae, is a government agency that guarantees the timely payments of mortgage-backed securities issued by approved lenders. It helps lenders provide more affordable home loans by ensuring investors that they will receive consistent interest and principal payments, even if individual homeowners default. Ginnie Mae does not originate or fund mortgages directly; instead, it supports the secondary mortgage market, which increases liquidity and makes it easier for more people to secure home financing. This stability encourages the growth of affordable housing options nationwide.