Ginnie Mae

…Mortgage Association, better known as Ginnie Mae. To attract new investors to the secondary mortgage market, in 1981 Fannie Mae began selling mortgage-backed securities (securities collateralized by cash flows from pools of mortgage loans) with a guarantee of timely payment of principal and interest, whether or not the original borrowers…

…Government National Mortgage Association (Ginnie Mae) to help finance the development of low-income housing projects. New legislation in the 1970s and ’80s required the private lending industry to report lending statistics, such as the race and sex of applicants and the location of approved mortgages.