Intro to Mortgage Origination Examinations Training - July 2025

Internal Use Only

GSE

Government Sponsored Enterprise • Quasi-governmental entity • Not direct lenders • Guarantee third-party

loans & purchase loans in the secondary market

Internal Use Only

GinnieMae

Government National Mortgage Association • Wholly owned government corporation • Housing & Urban Development Act of 1968 • Primary financing mechanism for government-insured or guaranteed mortgage loans