GINNIE MAE SECURITIES

Ginnie Mae securities are secure investments that are mortgage-backed securities. Mortgage-backed securities are pools of mortgages used as collateral for the issuance of securities in the secondary market. Ginnie Mae securities carry the full faith and credit guaranty of the United States government, which means that regardless of whether the mortgage payment is made, investors in Ginnie Mae securities receive full and timely payment of principal as well as interest.

Updated by ADAMS KESSLER 10/9/2008