GNMA HUD 223(f)

What are GNMA (Government National Mortgage Association) Mortgage Backed Securities?

What are GNMA (Government National Mortgage Association) Mortgage Backed Securities?

Ginnie Mae (Government National Mortgage Association - GNMA) guarantees payments on mortgage backed securities consisting of pools of government-insured loans, including HUD 223(f) loans. While Ginnie Mae guarantees repayment on the MBS, it does not issue, sell, or buy securities itself and does not purchase mortgages.