Ginnie Mae and the Securitization of Federally Guaranteed Mortgages

Congressional Budget Office

No 57176, Reports from Congressional Budget Office

Abstract: The Government National Mortgage Association (Ginnie Mae), part of the Department of Housing and Urban Development, works to attract capital to the market for federally insured mortgages. To do that, it guarantees timely payment to investors on mortgage-backed securities (MBSs) that private financial institutions create from mortgages insured or guaranteed by other federal programs.

JEL-codes: G21 G28 H81 (search for similar items in EconPapers)
Date: 2022-01-12
New Economics Papers: this item is included in nep-ban and nep-ure
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