What are Government National Mortgage Association (GNMA) Mortgage Backed Securities?

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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