The Role of Ginnie Mae in Real Estate Financing


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question 1 of 3

Which of the following mortgage programs do not qualify to be in a Ginnie Mae mortgage backed security?

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1. What kind of organization is Ginnie Mae?

2. What kind of guarantee do Ginnie Mae mortgage backed securities have?

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About This Quiz & Worksheet

Ginnie Mae plays a unique role in the provision of mortgages for the American housing market. To succeed on this quiz, you will need to understand how the government backs these loans.

Quiz & Worksheet Goals

To demonstrate your competence about Ginnie Mae, you will be quizzed on:

  • What lending programs qualify for Ginnie Mae mortgage backed security
  • The organizational structure of Ginnie Mae
  • What guarantees back Ginnie Mae securities

Skills Practiced

  • Reading comprehension - ensure that you draw the most important information regarding what is guaranteed with Ginne Mae securities
  • Information recall - access the knowledge you've gained regarding the benefit of Ginne Mae lending
  • Interpreting information - verify that you can read information regarding mortgage backed securities and interpret their unique qualities

Additional Learning

To get more information on the subject, be sure to read the accompanying lesson titled The Role of Ginnie Mae in Real Estate Financing. The lesson covers:

  • How Ginnie Mae relates to Fannie Mae
  • When Ginnie Mae was created
  • In what government agencies do Ginnie Mae loans originate