The Government National Mortgage Association (GNMA), commonly known as Ginnie Mae, is a U.S. government agency that plays a crucial role in the housing finance system. Established in 1968, it guarantees mortgage-backed securities (MBS) issued by approved lenders, ensuring that investors receive timely payments. This support helps to increase the availability of affordable housing for low- and moderate-income families. Ginnie Mae operates under the Department of Housing and Urban Development (HUD) and focuses on promoting homeownership and rental housing. By backing MBS, it encourages lenders to provide loans to borrowers who may not qualify for conventional financing, thereby enhancing access to housing across the nation.