Ginnie Mae Hear it!

Ginnie Mae definition

☆ Gin·nie Mae (jin′ē mā′)

  1. Informal Government National Mortgage Association: a federal agency which purchases mortgages from lending institutions with funds raised by the sale of government-backed securities
  2. pl. Ginnie Maes Gin′·nie Maes′ any of the securities issued by this agency

Webster's New World College Dictionary Copyright © 2009 by Wiley Publishing, Inc., Cleveland, Ohio.
Used by arrangement with John Wiley & Sons, Inc.

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