Government National Mortgage Association (Ginnie Mae)
Definition of 'Government National Mortgage Association (Ginnie Mae)'
Ginnie Mae MBS are backed by the full faith and credit of the U.S. government, which means that they are considered to be one of the safest investments in the world. This makes them a popular investment for investors looking for a safe and secure place to put their money.
Ginnie Mae MBS are also a popular investment for retirement savers. They are often used as part of a diversified portfolio, and they can help to provide a steady stream of income during retirement.
Ginnie Mae MBS are available in a variety of maturities, so investors can choose the one that best meets their needs. They are also available in a variety of denominations, so investors can invest as much or as little as they want.
Ginnie Mae MBS are traded on the secondary market, and their prices can fluctuate. However, they are generally considered to be a safe investment, and they offer a higher yield than U.S. Treasury bonds.
Ginnie Mae is a valuable resource for the U.S. housing market. It helps to make homeownership more affordable for Americans, and it provides a safe and secure investment for investors.
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