Ginnie Mae is a U.S. government corporation within the Department of Housing and Urban Development (HUD), established in 1968. It guarantees mortgage-backed securities (MBS) backed by federal programs like FHA, VA, and USDA, ensuring timely payment of principal and interest to investors. Ginnie Mae's services include providing liquidity to lenders and expanding affordable housing financing. Its target audience includes lenders, investors, and homeowners. The unique selling proposition is its full-faith-and-credit guarantee, reducing investor risk and making these securities attractive globally. This facilitates low-cost financing for government-insured mortgages, promoting affordable homeownership.