Ginnie Mae Concern is a government-sponsored enterprise (GSE) that provides MORTGAGE financing for homebuyers. It was established in 1968 to provide liquidity and stability to the secondary MORTGAGE market, and it is the only GSE that is explicitly backed by the full faith and credit of the United States government. Ginnie Mae guarantees the timely payment of principal and interest on MORTGAGE-backed securities, which are pools of mortgages that are sold to investors. This helps to ensure that lenders have access to capital to finance mortgages, and it also helps to keep MORTGAGE rates low.