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Ginnie Maes

Variant of Ginnie Mae

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

Webster's New World College Dictionary Copyright © 2010 by Wiley Publishing, Inc., Cleveland, Ohio.
Used by arrangement with John Wiley & Sons, Inc.

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