Government National Mortgage Association (GNMA) Mortgage Backed Securities and the HUD 221(d)(4) Loan Program
GNMA securities are issued by Ginnie Mae (Government National Mortgage Association - GNMA) which insures payment from approved loan issuers on qualifying loans (like HUD 221(d)(4) loans). Ginnie Mae does not issue, sell or buy pass-through mortgage-backed securities. It also does not purchase mortgage loans.
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