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2. Residential mortgage-backed security - Wikipedia

   en.wikipedia.org/wiki/Residential_mortgage...

   In 1968, Ginnie Mae was the first to issue a new type of government-backed bond, known as the residential mortgage-backed security. [6] This bond took a number of home loans, pooled the monthly principal and interest payments and then used the monthly cash flows as backing for the bond(s).

3. Government National Mortgage Association - Wikipedia

   en.wikipedia.org/wiki/Government_National...

   Ginnie Mae, formerly the Government National Mortgage Association, which originally only provided insurance for bonds issued by FHA and VA mortgages in special affordable housing programs. [3] In 1970, Ginnie Mae became the first organization to create and guarantee MBS products and has continued to provide mortgage funds for homebuyers ever since.

4. What is Ginnie Mae? - AOL

   www.aol.com/finance/ginnie-mae-190105771.html

   Ginnie Mae bonds, aka GNMA bonds, are mortgage-backed securities that Ginnie Mae originates. It packages government-backed loans into pools – typically with a minimum value somewhere between ...

5. Pool factor - Wikipedia

   en.wikipedia.org/wiki/Pool_factor

   To calculate the pool factor, = For example, a pool factor of 0.523 indicates that for each note of $10,000, $4,770 of principal has been repaid. If one multiplies the original face value of mortgage back security with the pool factor, we get the current face value.

6. What Is Ginnie Mae (GNMA)? - AOL

   www.aol.com/finance/ginnie-mae-gnma-153918955.html

   Ginnie Mae is a nickname for the Government National Mortgage Association (GNMA). Ginnie Mae was formed in 1968 when Fannie Mae , the Federal National Mortgage Association, was split into two parts.

7. Pros and cons of bond funds in a lower interest rate ... - AOL

   www.aol.com/finance/pros-cons-bond-funds-lower...

   Rise in bond prices: When rates fall, the prices of bonds held by the bond fund go up. This is because the older bonds in the fund pay higher interest rates compared to newer bonds, so the value ...