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Glossary of Terms > G > GOVERNMENT NATIONAL MORTGAGE ASSOCIATION

GOVERNMENT NATIONAL MORTGAGE ASSOCIATION

Also known as Ginnie Mae, this is another government-owned corporation performs the same role as Fannie Mae and Freddie Mac in providing funds to lenders for making home loans - with the only difference being that Ginnie Mae provides funds for government loans (FHA and VA).

G Terms

GOOD FAITH ESTIMATE

GOVERNMENT LOAN / MORTGAGE

GOVERNMENT NATIONAL MORTGAGE ASSOCIATION

GRANTEE

GRANTOR