Ginnie Mae or Government National Mortgage Association (GNMA)
Ginnie Mae is a corporation within the U.S. Department of Housing and Urban Development (HUD). Unlike Freddie Mac and FannieMae®, Ginnie Mae is not publicly traded. Most mortgages securitized as Ginnie Mae mortgage-backed securities (MBSs) are guaranteed by the FHA.
Good Faith Estimate
An estimate from a mortgage lender listing costs a borrower will incur in connection with closing the loan, including closing costs, reserves, government charges and your monthly payment (principal and interest). Your lender is required to provide you with a Good Faith Estimate within three days of applying for a mortgage.
