Ginnie Mae bonds are mortgage-backed securities issued by the Government National Mortgage Association (GNMA). They are backed by a pool of mortgages that have been guaranteed by the Federal Housing Administration (FHA), the Department of Veterans Affairs (VA), or the Rural Housing Service (RHS). Ginnie Mae bonds are considered to be very safe investments, as they are backed by the full faith and credit of the United States government.
Ginnie Mae bonds offer a number of benefits to investors, including: