Role in The Housing Recovery
In 1970, Ginnie Mae became the first organization to create and guarantee MBS products and has continued to provide critical mortgage funds for homebuyers ever since. Even in uncertain times, investors are guaranteed payment of interest and principal, in full and on time. The benefits of this process are passed on to the lenders who can then make more mortgage loans at more affordable rates.
Read more about this topic: Government National Mortgage Association
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