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Ginnie Mae vs. Fannie Mae

Ginnie Mae

[ jin-ee ]
noun
  1. Government National Mortgage Association.
  2. a bond or certificate sold by the Government National Mortgage Association.

Fannie Mae

noun
  1. Federal National Mortgage Association.
  2. any of the publicly traded securities collateralized by a pool of mortgages backed by theFederal National Mortgage Association.