GNMA (Government National Mortgage Association)
Categories: Bonds, Real Estate, Banking
Government National Mortgage Association, a.k.a., Ginne Mae.
Like Freddie Mac and Fannie Mae, Ginnie Mae is a government-owned agency that's linked to the mortgage industry. Where it's different is that Ginnie Mae focuses on making housing more affordable. The agency backs bonds that are backed by mortgages and ensures that investors who have bought these bonds continue to make money—even if some folks stop making their mortgage payments.
Ginnie Mae-backed bonds are another way you can invest.