|
 |
Real Estate Glossary
G
- Ginnie Mae - Government National Mortgage Association (GNMA); a government-owned corporation overseen by the U.S. Department of Housing and Urban Development, Ginnie Mae pools FHA-insured and VA-guaranteed loans to back securities for private investment; as With Fannie Mae and Freddie Mac, the investment income provides funding that may then be lent to eligible borrowers by lenders.
- Good Faith Estimate - An estimate of all closing fees including pre-paid and escrow items as well as lender charges; must be given to the borrower within three days after submission of a loan application.
|
|
Equal Housing Opportunity. Waters Realty, Inc. is licensed in the state of OR. All information provided is deemed reliable but is not guaranteed and should be independently verified. 