Ginnie Mae Definition
jĭnē mā
ginnie-mae
noun
Government National Mortgage Association: a federal agency which purchases mortgages from lending institutions with funds raised by the sale of government-backed securities.
Webster's New World
Any of the securities issued by this agency.
Webster's New World
pronoun
(US) Government National Mortgage Association.
Wiktionary
Origin of Ginnie Mae
Girls' names containing the letters GNMA of the abbreviation in sequence. Compare Fannie Mae, Freddie Mac.
From Wiktionary
Alteration of G(overnment) N(ational) M(ortgage) A(ssociation)
From American Heritage Dictionary of the English Language, 5th Edition
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