Definition of Ginnie Mae in English:

Ginnie Mae

(also Ginnie May, Ginny Mae, Ginny May)

noun

US
Finance
  • The Government National Mortgage Association, a U.S. government agency established in 1968 as part of the restructuring of the Federal National Mortgage Association, which guarantees securities backed by government-insured mortgages and administers housing assistance programmes. [A trademark in the United States.]

Origin

1960s; earliest use found in Las Vegas Sun. From the female forenames Ginnie (also Ginny) and Mae (also May), after the initial letters of Government National Mortgage Association, on the model of Fannie Mae.

Pronunciation

Ginnie Mae

/ˌdʒɪnɪ ˈmeɪ/