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What is Ginnie Mae?

The Government National Mortgage Association (GNMA), also known as Ginnie Mae, is a government-owned corporation within the U.S. Department of Housing and Urban Development (HUD). Ginnie Mae's primary mission is to promote access to affordable housing in the United States. It does this by guaranteeing the timely payment of principal and interest on mortgage-backed securities (MBS) backed by government-insured or guaranteed loans.

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Couch with pillows and convenient end table
Couch with pillows and convenient end table

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