§ 300.3. Description.
100 words·~1 min read·
/us/cfr/t24/s§ 300.3·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The Government National Mortgage Association (hereinafter in this chapter called the Association, GNMA or Ginnie Mae) furnishes fiduciary services to itself and other departments and agencies of the Government, and guarantees privately issued securities backed by trusts or pools of mortgages or loans which are insured or guaranteed by the Federal Housing Administration (FHA), the Department of Veterans Affairs
(VA)or the Rural Housing Service
(RHS)and certain other loans or mortgages guaranteed or insured by the Government. In the course of its business, the Association is referred to as GNMA or Ginnie Mae. \[66 FR 44265, Aug. 22, 2001\]