Role in The Housing Recovery
In 1970, Ginnie Mae became the first organization to create and guarantee MBS products and has continued to provide critical mortgage funds for homebuyers ever since. Even in uncertain times, investors are guaranteed payment of interest and principal, in full and on time. The benefits of this process are passed on to the lenders who can then make more mortgage loans at more affordable rates.
Read more about this topic: Government National Mortgage Association
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—Selma H. Fraiberg (20th century)
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—Betty Friedan (20th century)
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—Paula Nelson (b. 1945)
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—Agnes E. Meyer (1887–1970)
“It’s even pleasant to be sick when you know that there are people who await your recovery as they might await a holiday.”
—Anton Pavlovich Chekhov (1860–1904)