Ginnie Mae

Government National Mortgage Association
Founding Date

Established in 1968 to promote home ownership, the Ginnie Mae guarantees better mortgage loans in the secondary market to mortgage lenders. This agency does not buy or sell loans or issue mortgage-backed securities. Therefore, Ginnie Mae's balance sheet doesn't use derivatives to hedge or carry long term debt.

  • Guarantees the payments (principal and interest) on FHA and VA Mortgages and Mortgage Backed Securities that hold them
    • FHA loans issued under the Federal Housing Administration
    • VA loans issued under the Department of Veterans Affairs
  • Quasi Public/Government-Sponsored Entity
  • Backed by the United States Treasury