Government National Mortgage Association
E22435
The Government National Mortgage Association, commonly known as Ginnie Mae, is a U.S. government corporation that guarantees mortgage-backed securities to support affordable housing and liquidity in the mortgage market.
Statements (48)
| Predicate | Object |
|---|---|
| instanceOf |
United States federal agency
→
government corporation → mortgage-backed securities guarantor → |
| aimsTo |
expand homeownership
→
stabilize mortgage markets → support rental housing → |
| associatedWithProgram |
Department of Veterans Affairs home loan program
→
Federal Housing Administration → USDA Rural Development housing programs → |
| country |
United States
→
|
| doesNotOriginate |
mortgages
→
|
| doesNotService |
mortgages
→
|
| focusesOn |
low- and moderate-income borrowers
→
|
| foundedBy |
United States Congress
→
|
| fundingModel |
does not use taxpayer funds for guarantees
→
|
| guarantees |
mortgage-backed securities backed by FHA loans
→
mortgage-backed securities backed by USDA loans → mortgage-backed securities backed by VA loans → mortgage-backed securities backed by federally insured or guaranteed loans → |
| hasAlias |
GNMA
→
Ginnie Mae → |
| hasHeadquartersLocation |
Washington, D.C.
→
|
| hasMotto |
The government’s guaranty
→
|
| hasOfficialWebsite |
https://www.ginniemae.gov
→
|
| industry |
housing finance
→
mortgage finance → securitization → |
| jurisdiction |
Federal government of the United States
→
|
| languageOfWorkOrName |
English
→
|
| legalForm |
wholly owned government corporation
→
|
| marketRole |
enhances liquidity for government-insured mortgages
→
|
| operatesIn |
secondary mortgage market
→
|
| ownership |
United States government
→
|
| parentOrganization |
United States Department of Housing and Urban Development
→
|
| partOf |
United States Department of Housing and Urban Development
→
|
| product |
Ginnie Mae mortgage-backed securities
→
mortgage-backed securities guarantees → |
| purpose |
to guarantee mortgage-backed securities
→
to provide liquidity in the mortgage market → to support affordable housing → |
| regulates |
issuers of Ginnie Mae mortgage-backed securities
→
|
| regulatoryScope |
national
→
|
| revenueSource |
guarantee fees
→
|
| riskModel |
guarantees timely payment of principal and interest to investors
→
|
| sector |
public sector
→
|
| serviceArea |
United States housing market
→
|
| supervisingAgency |
United States Department of Housing and Urban Development
→
|
| usesCurrency |
United States dollar
→
|
Referenced by (1)
| Subject (surface form when different) | Predicate |
|---|---|
|
United States Department of Housing and Urban Development
→
|
oversees |