Ginnie Mae Mortgage-Backed Securities (Ginnie Mae I)
Ginnie Mae I mortgage-backed securities are pass-through mortgage-backed securities where registered holders receive separate principal and interest payments on their certificates. Program information describes single-family pools as the most heavily traded Ginnie Mae MBS product, with securitization provisions established in the Ginnie Mae MBS Guide.
- Where it applies
- Federal
- When it comes up
- Securitization; investor distribution and settlement
- Property types
- Residential and multifamily federally insured/guaranteed loan securitization
In practice
Ginnie Mae guarantees timely payment of principal and interest on eligible MBS collateral and positions itself as a guarantor rather than a loan purchaser/issuer in the same manner as GSEs.
Related terms
pass-throughpoolingguaranty and servicing feeFHA/VA/USDA collateral eligibility
Institutional and Capital Markets
- Agency Securities
- Commercial Mortgage-Backed Securities (CMBS)
- Master Servicing Fee
- Pooling and Servicing Agreement (PSA)
- Preliminary Prospectus ("Red")
- Private Label Securities (Non-Agency Securities)
- Private Placement
- Prospectus
- Real Estate Investment Trust (REIT)
- Sub-Servicer
General information, not legal, tax or financial advice.