The Federal National Mortgage Association, commonly known as Fannie Mae, is a government-sponsored enterprise (GSE) that enhances the availability of mortgage credit across the United States by purchasing and guaranteeing mortgages issued by lenders.
The Government National Mortgage Association (GNMA), commonly known as Ginnie Mae, is a government organization that facilitates housing finance by guaranteeing mortgage-backed securities and supporting low-income housing through loan write-downs.
Public Housing Authority Bonds are obligations issued by local public housing agencies, secured through an agreement with the Department of Housing and Urban Development to ensure federal support for necessary financing.
Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.