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	Ginnie Mae: For Issuers
		Ginnie Mae is proactive and aggressive in seeking our input on how to make their programs better.
		Ginnie Mae issuers also realize a steady income stream from mortgage servicing fees, and know exactly what their spread will be from the outset.
		Because Ginnie Mae securities are among the most widely held and traded mortgage-backed securities in the world, they can easily be purchased and sold.
	www.ginniemae.gov /issuers/issuers.asp?Section=Issuers (899 words)

	Ginnie Mae Investors Symposium - HUD (Site not responding. Last check: 2007-10-11)
		Ginnie Mae is important to the strength of the housing market, and to HUD's ambitions of making affordable homeownership an option for every family looking to create their own "American Dream." We are proud that Ginnie Mae has its home at HUD.
		Ginnie Mae is a beacon of dependability and responsibility within the federal government.
		Ginnie Mae is integral to the ambitious housing agenda being implemented by President Bush.
	www.hud.gov /news/speeches/ginniemaesympo.cfm (1865 words)

	TheStreet.com: Ginnie Mae Pass-Throughs and You
		Ginnie Mae is the nickname for Government National Mortgage Association, a government agency within the Department of Housing and Urban Development.
		Ginnie Mae yields are higher than Treasury yields to compensate investors for that uncertainty, which is called prepayment risk.
		Ginnie Mae pass-throughs saddle all the investors in a given pool with the same degree of prepayment risk.
	www.thestreet.com /funds/bondforum/947976.html (918 words)

	FAQs on Fannie Mae & Freddie Mac
		For holders of a portfolio of mortgage-backed securities guaranteed by Fannie Mae, Freddie Mac and Ginnie Mae, any defaults or delinquencies result in zero loss: the credit risk is borne by the agencies, and the holders are made whole and paid 100 cents on the dollar.
		Fannie Mae and Freddie Mac most likely believe that this scrutiny is a negative in that it is costly to manage and may result in a change in operations.
		Since Fannie Mae generates a significant portion of its revenues through the spread between what it pays on its liabilities and what it earns on its assets, a refi-induced shortening of the duration of its assets will lower their yield and may end up squeezing net interest margins.
	www.annaly.com /ie/ffmfaq.html (2922 words)

	Ginnie Mae
		Ginnie Mae, a wholly-owned government corporation within the Department of Housing and Urban Development, helps establish secondary markets for residential mortgages, making mortgage investments attractive to all types of investors.
		Ginnie Mae guarantees securities backed by pools of mortgages --- these securities are called "mortgage-backed securities." The securities are issued by private institutions that Ginnie Mae approves.
		The Ginnie Mae guaranty assures security holders of receiving all payments due under the terms of the securities in a timely manner.
	www.russell.com /us/glossary/mortgages/ginnie_mae.htm (185 words)

	DignityMortgage
		Ginnie Mae, along with Fannie Mae (Federal National Mortgage Association, FNMA) and Freddie Mac (Federal Home Loan Mortgage Corporation, FHLMC), is able to accomplish this task by linking the primary mortgage market of lenders and borrowers with the secondary mortgage market of financial investors.
		Fannie Mae was spawned by the turmoil of the Great Depression, when many Americans lost their jobs in a spiraling economy and lost their homes to bank foreclosures.
		Ginnie Mae has remained a government-controlled agency within the Department of Housing and Urban Development (HUD) and focused solely on FHA, VA and RHS loans.
	www.dignitymortgage.com /MortgageIndustry/GinnieMae.htm (1382 words)

	UPDATE: Fannie Mae Knew Ginnie Was Possible Fraud Target
		WASHINGTON -- Fannie Mae (FNM) officials were warned in late 1998 that a Fannie-approved lender the company suspected of fraud was trying to pass off problematic loans to Ginnie Mae, according to a letter the company recently sent to House lawmakers.
		Fannie Mae, eager in late 1998 to unload a batch of fraudulent loans it purchased from First Beneficial Mortgage Co., knowingly allowed the North Carolina lender to resell the bogus notes to Ginnie Mae, formerly the Government Mortgage National Association, according to federal law-enforcement officials.
		Fannie Mae forced First Beneficial to buy back several million dollars in loans beginning in late 1998 after Fannie officials discovered the mortgages were fraudulent, knowing all the while that the North Carolina lender planned to resell the bogus notes to Ginnie Mae, federal law enforcement officials contend.
	www.msfraud.org /Articles/fraudulentloans.htm (963 words)

	Community Investments Online - Ginnie Mae Project Loans Maintain Affordability (Site not responding. Last check: 2007-10-11)
		Ginnie Mae project loans are one of the most prevalent affordable multifamily mortgage-backed securities (MBS) available in the primary and secondary market.
		Ginnie Mae guarantees the timely payment of principal and interest on the securities because the securities are full faith and credit obligations of the U.S. Government that carry 0% risk-based capital weightings.
		With Ginnie Mae project loans, it is common for a security to carry either a ten-year lock-out period, or five years of lock-out protection coupled with declining prepayment penalties.
	www.frbsf.org /publications/community/investments/0308/article2b.html (1129 words)

	Ginnie Mae - Scott's Little Corner of the Web
		Ginnie Mae (short for the Government National Mortgage Association or GNMA) was created in 1968 as a wholly owned corporation within the Department of Housing and Urban Development (HUD.) Its purpose is to serve low-to moderate-income homebuyers.
		Ginnie Mae MBS are backed by the full faith and credit of the United States Government, which ensures a steady return on investment.
		Ginnie Mae differs from its cousin Fannie Mae in that it only purchases loans backed by the federal government.
	www.tostepharmd.net /financial/ginniemae.html (662 words)

	Ginnie Mae Funds
		Ginnie Mae certificates are quite popular because they offer the highest-yielding government-backed security you can get, often one or more points above Treasury securities.
		Ginnie Mae returns should be compared to certificates of deposit and treasury securities.
		When deciding which Ginnie Mae fund might be best, compare the annualized rate of return for each fund and the annual expenses for a $100 investment.
	www.ext.colostate.edu /pubs/columnym/ym338.html (359 words)

	Ginnie Mae: About Ginnie Mae
		If you subscribe to a Ginnie Mae e-mail service, we will e-mail only the information to which you subscribe.
		Geographic - Ginnie Mae collects general geographic information, such as how many visitors per month were in Virginia.
		If you are an e-Access user, information you submit will be governed by the Ginnie Mae Guides and agreements and may be used and disclosed in the same manner as information received outside of e-Access.
	www.ginniemae.gov /about/privacy.asp?Section=About (191 words)

	Who the heck is Ginnie Mae?
		Ginnie Mae, or the Government National Mortgage Association, is a pool of home mortgages offered to investors as a conservative, U.S. Government-backed security.
		Ginnie Maes behave like bonds: When interest rates go up, the value of the security goes down.
		Ginnie Maes generally rise very little in an up market and crash in a down market.
	www.bankrate.com /brm/news/dollardiva/19991215e.asp?keyword= (545 words)

	Mortgages - Freddie Mac - Fannie Mac - Ginnie Mae - Personal Finance - Financial Education Center for Investors - ...
		And since Fannie Mae is a publicly traded company, it's main consideration is to produce a profit.
		Ginnie Mae, or GNMA, Government National Mortgage Association provides a link between capital markets (the lenders) and the Federal Housing markets.
		Ginnie Mae, is the lending branch of HUD, which is the enforcement arm of the government insuring that housing and the purchase of housing is a nondiscriminatory event.
	www.bluecollardollar.com /macmae.html (1154 words)

	Realty Times: What Effect Would a Privatized Ginnie Mae Have on Mortgage Costs?
		Of course you've heard of Fannie Mae and Freddie Mac, the two government-chartered financial institutions which provide funds for housing by purchasing loans from local lenders, packaging them into securities and selling them to investors throughout the world.
		For one thing, Ginnie Mae deals only in government-backed loans; that is, loans insured by the Federal Housing Administration, guaranteed by the Veterans Administration or backed by the Department of Agriculture's Rural Housing Service.
		But their profits go to stockholders, while Ginnie Mae's $674 million last year alone, $2.786 billion over the last five years are returned to the government's coffers.
	realtytimes.com /printrtpages/19991129_ginniemae.htm (702 words)

	Ginnie Mae
		Ginnie Mae's goal is to support the expansion of affordable housing in America, by providing an efficient government-guaranteed secondary market vehicle, linking the capital markets with Federal housing markets
		History - Ginnie Mae was created in 1968 as a wholly owned corporation within the Department of Housing and Urban Development (HUD).
		Ginnie Mae's mission and strategic vision have been captured in three primary goals.
	www.alliemae.org /ginniemae.html (324 words)

	Ginnie Mae \| Mortgage Reference Library
		While GinnieMae may not be as well known as Freddie Mac or Fannie Mae, Ginnie Mae is the driving force behind both FHA and VA mortgage loans, and it was Ginnie Mae that introduced the Mortgage-backed security in 1970 - an action which revolutionized mortgage lending in the US.
		Ginnie Mae guarantee investors the timely payment of principal and interest on MBS backed by federally insured or guaranteed loans.
		The FHA and VA loans that are backed by Ginnie Mae are popular due to the ease of qualifying and low down payments.
	www.brokeroutpost.com /reference/11011.htm (405 words)

	The Depository Trust & Clearing Corporation - @DTCC - Ginnie Maes to Settle At Fed by Early 2002 (Site not responding. Last check: 2007-10-11)
		The developments come in the wake of Ginnie Mae’s announcement in May that it wanted settlement of its securities to be handled through the Federal Reserve Bank’s book-entry system.
		The Participants Trust Company (PTC) had processed Ginnie Mae securities from 1989 to 1998, when PTC was merged into DTC and became the DTC MBS Division.
		Ginnie Mae decided to switch settlement organizations in the belief that its securities would be more appealing to foreign investors, particularly foreign central banks, if they settled in the Fed system.
	www.dtcc.com /Publications/dtcc/nov00/ginniemae.html (608 words)

	Ginnie Mae (Government National Mortgage Association)
		Ginnie Mae is actually an offshoot of Fannie Mae, which is the oldest of the major agencies responsible for connecting the primary and secondary mortgage markets.
		Since Ginnie Mae is owned by the federal government, these guarantees are fully backed by the "full faith and credit" of the U.S. government.
		By securitizing large pools of FHA, VA and RHS loans, Ginnie Mae is also able to diffuse much of the risk presented by those mortgage loans.
	www.atlasmortgagecorp.net /literature/GinnieMae.htm (1211 words)

	Ask the Expert: Investing in Ginnie Mae - Mar. 22, 2002
		If you're looking for the possibility of earning a higher return, then, yes, moving some of your money to a Ginnie Mae fund could be a decent way of achieving that goal.
		Ginnie Mae funds, on the other hand, behave much differently.
		The result is that Ginnie Mae funds -- or for that matter, any fund that holds mortgage-backed securities -- act much like bond funds.
	money.cnn.com /2002/03/22/pf/expert/ask_expert/index.htm (848 words)

	Ginnie Mae: For Investors
		Today, Ginnie Mae securities are among the most secure investments in the global capital market.
		Ginnie Maes: An investment guaranteed by the United States government.
		Our strength lies in our guaranty: Ginnie Mae is the only agency to offer mortgage-backed securities backed by the full faith and credit of the United States government.
	www.ginniemae.gov /investors/investors.asp?Section=Investors (204 words)

	EPA: Federal Register: Removal of Regulation Specifying Minimum Face Value of Ginnie Mae Securities
		It is also important to note that the fundamental premise of the Ginnie Mae business model is to help community banks and other participating institutions respond to the credit needs of their communities.
		Any change in the minimum denomination that benefited investors by enhancing the liquidity of Ginnie Mae securities would benefit community banks as well, allowing them to respond more effectively to the credit needs of their communities by offering lower rates to the low- and moderate-income borrowers that are at the core of Ginnie Mae's mission.
		Comment: The investors attracted to smaller denominations of Ginnie Maes are likely to be individuals who may be less sophisticated than current investors and less able to anticipate the multiple risks to which all mortgage-backed security investors are exposed.
	www.epa.gov /fedrgstr/EPA-IMPACT/2005/June/Day-08/i11312.htm (1886 words)

	NAHB: Ginnie Mae Guaranty Fees
		Continue to support the Government National Mortgage Association (Ginnie Mae) and ensure that the Ginnie Mae guaranty fee is maintained at the current level.
		Ginnie Mae securities carry a coupon rate 50 basis points lower than the contract rate on the underlying mortgages.
		Oppose any increases in the Ginnie Mae guaranty fee and work with the Administration to use accepted administrative rule-making procedures in proposing changes to the Ginnie Mae guaranty fee.
	www.nahb.org /generic.aspx?genericContentID=3505 (270 words)

	Ask the Expert: Getting to know Ginnie Mae - Jan. 2, 2003
		Ginnie Maes usually pay a slightly higher rate of interest than Treasury bonds, so over the long run they can provide a higher return than Treasuries.
		That has to do with the fact that mortgage borrowers often prepay their loans when rates fall, which limits the capital gains potential for Ginnie Maes (For more on how Ginnie Maes work, click here.
		Don't fall into the trap of assuming that a portfolio of income-producing investments like Ginnie Mae and bond funds is safe.
	money.cnn.com /2002/09/23/pf/expert/ask_expert (813 words)

	Zillow - Wiki - Ginnie Mae
		A government-owned corporation overseen by the U.S. Department of Housing and Urban Development, Ginnie Mae pools FHA-insured and VA-guaranteed loans to back securities for private investment.
		Like Fannie Mae and Freddie Mac, the investment income provides funding that may then be lent to eligible borrowers by lenders.
		Ginnie Mae stands for Government National Mortgage Association (GNMA).
	www.zillow.com /wikipages/Ginnie-Mae (489 words)

	Fund Overview: Ginnie Mae - American Century (Site not responding. Last check: 2007-10-11)
		Our Ginnie Mae Fund has been a solid investment in any market because it offers the highest income from securities backed by the U.S. Government.
		Ginnie Mae was rated against the following numbers of U.S.-domiciled Taxable Bonds funds over the following time periods: 364 funds in the last three years, 318 funds in the last five years, and 216 funds in the last ten years.
		With respect to these Taxable Bonds funds, Ginnie Mae received a Morningstar Rating™ of 4 stars, 3 stars and 3 stars for the three-, five- and ten-year periods, respectively.
	www.americancentury.com /funds/fund_facts.jsp?fund=970 (522 words)

	Fannie And Ginnie Maes Offer Alternatives To Treasury Securities (Site not responding. Last check: 2007-10-11)
		Consequently, the credit rating of Fannie Maes generally is viewed as high or even higher than AAA corporate debt.
		When the federal government spun off Fannie Mae as a separate private corporation, it split off a part of it and created GNMA, which is wholly owned by the U.S. government.
		Unlike interest from Treasury securities, Ginnie Mae and Fannie Mae interest payments are subject to state and local taxes.
	winke.com /hfpc/hfpc/fgmaes.htm (691 words)

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