What types of mortgages are included in Ginnie Mae?
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warren
Apprentice
Joined: 13 Feb 2008
Posts: 7
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 Posted: 06/09/08 - 09:15 Post subject: |
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| Is it true that you have two types of mortgages that are included into the Government National Mortgage Association and if this is the truth then I would like to know what kind of mortgages are those two? If I heard something wrong maybe, then I want to know where I made a mistake. |
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cecilio
Apprentice
Joined: 25 Aug 2006
Posts: 14
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| Posted: 07/09/08 - 02:02 Post subject: |
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| You made a mistake when you assumed that you can count on different kind of mortgages within the Government National Mortgage Association. The Government National Mortgage Association give you two types of mortgage backed securities and this maybe the reason why you assumed that it is something different. Now, if you tell me why you are looking into Ginnie Mae and what you plan to do with it, then maybe I will be able to help you out with this a bit more. There is always a possibility that there is something that I don’t know and there are actually two mortgages, but I seriously doubt it. |
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