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everyone knows the government is active in the areas of home building, mortgages, financing, etc. Federal agencies such as the FHA, VA, Federal National Mortgage Association (Fannie Mae), and others have been in existence for many years. It’s important to know who they are and what they do. We, as Realtors, are well acquainted with these agencies, and part of our service is to keep our clients informed as to how the government can help them.
One of these agencies concerning mortgagebacked securities, is called “Ginnie Mae” for Government National Mortgage Association. Mortgage lenders can get Ginnie Mae’s guaranty behind groups of VA
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