Ginnie Mae

Ginnie Mae - Ginnie Mae is a government owned and operated corporation active in the business adventure of specific issues. It is the governments run operation in the business of buying mortgages. The government backing is securitized and on-sells to the investors. In the purchasing of mortgages from various lending institutions it then operates in the private sector. This in a corporation organized and run by the government competing against the private sector. The active institution is in the business of guaranteeing payment of interest and principal of the mortgage backed securities. They pay record lower interest rates than non-government back bonds secure.