Ginnie Mae
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- At Ginnie Mae, we help make housing a reality for millions of households across America and veterans by channeling global capital into the nation's housing markets. Specifically, the Ginnie Mae guaranty allows mortgage lenders to obtain a better price for their mortgage loans in the secondary mortgage market. The lenders can then use the proceeds to make new mortgage loans available. Ginnie Mae does not buy or sell loans or issue mortgage-backed securities (MBS). Therefore, Ginnie Mae's balance sheet doesn't use derivatives to hedge or carry long term debt. What Ginnie Mae does is guarantee investors the timely payment of principal and interest on MBS backed by federally insured or guaranteed loans mainly loans insured by the Federal Housing Administration (FHA) or guaranteed by the Department of Veterans Affairs (VA). Other guarantors or issuers of loans eligible as collateral for Ginnie Mae MBS include the Department of Agriculture's Rural Development (RD) and the Department of Housing and Urban Development's Office of Public and Indian Housing (PIH). Ginnie Mae securities are the only MBS to carry the full faith and credit guaranty of the United States government, which means that even in difficult times, an investment in Ginnie Mae MBS is one of the safest an investor can make.
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Headquarters:425 3rd Street Southwest , Washington, District Of Columbia, United States
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Phone Number:
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Website: https://www.ginniemae.gov
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Employees:128
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Revenue:$10 - 50M
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Legal Name:Ginnie Mae
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Ginnie Mae's Social Media
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| NAICS Code: 925110 |
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Frequently Asked Questions regarding Ginnie Mae
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Where are Ginnie Mae's Headquarters?
Ginnie Mae's Headquarters are in 425 3rd Street Southwest ,Washington,District Of Columbia,United States
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What is Ginnie Mae's official website?
Ginnie Mae's official website is https://www.ginniemae.gov
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What is Ginnie Mae's Revenue?
Ginnie Mae's revenue is $10 - 50M
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What is Ginnie Mae's NAICS code?
Ginnie Mae's NAICS code is 925110
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How many employees are working in Ginnie Mae
Ginnie Mae has 128 employees
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What is Ginnie Mae's Industry?
Ginnie Mae is in the industry of Financial Services
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Who is Ginnie Mae's CEO?
Ginnie Mae's CEO is Ted Tozer
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Who is Ginnie Mae's President?
Ginnie Mae's President is Alanna