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GINNIE MAE 5500.3, REV. 1 APPENDIX III-14 GOVERNMENT NATIONAL MORTGAGE ASSOCIATION ENROLLMENT ADMINISTRATOR AND GINNIENET AUTHORIZED SIGNATORIES OMB APPROVAL NO. 2503-0033 (EXP. 12/31/2013) Public.

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Its mission is to expand funding for mortgages that are insured or guaranteed by other federal agencies. When these mortgages are bundled into securities, Ginnie Mae provides a full-faith-and- credit guarantee on these securities, thus lessening the risk for investors and broadening the market for the securities.

99% of FHA Single-family mortgages are packaged into Ginnie Mae MBS.

The majority of loans backed by Ginnie Mae are those underwritten to the requirements of the Federal Housing Administration (FHA). FHA loans are aimed at borrowers with less-than-perfect credit or shorter histories.

Here are five common types of FHA loans: Basic Home Mortgage 203(b) FHA's Energy Efficient Mortgage. 203(k) Rehab Mortgage. Mortgage Insurance for Disaster Victims Section 203(h) Good Neighbor Next Door.

Is Fannie Mae the FHA? No. The Federal Housing Administration is a government agency that insures loans made by lenders to borrowers with low to moderate incomes. FHA loans have more relaxed credit standards than conventional loans purchased by Fannie Mae and Freddie Mac.

In addition to traditional mortgages, Ginnie Mae's expanding Home Equity Conversion Mortgage (HECM) securities program provides capital and liquidity for Federal Housing Administration (FHA)-insured reverse mortgages, an essential financial solution for a growing number of senior citizens.

Ginnie Mae and Fannie Mae Differences One big difference between Ginnie Mae and Fannie Mae is that Ginnie Mae is owned by the government. It is part of the Department of Housing and Urban Development. Fannie Mae and its sibling, Freddie Mac, are private corporations owned by shareholders.

If you need to arrange access to GMEP please contact Ginnie Mae Customer Support at 1- 833-GNMA-HELP.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232