What Does GNMA Stand For?

GNMA stands for Government National Mortgage Association

The Government National Mortgage Association (GNMA), commonly known as Ginnie Mae, is a U.S. government agency within the Department of Housing and Urban Development. It is primarily responsible for guaranteeing mortgage-backed securities backed by federally insured or guaranteed loans, including those from the Federal Housing Administration (FHA) and the Department of Veterans Affairs (VA). By providing this guarantee, GNMA helps to enhance the liquidity and stability of the mortgage market, making home financing more accessible to American consumers.