Real Estate Glossary

Welcome to our Real Estate Glossary. Here you will find many real estate terms having to do with buying or selling houses, loans and other terms having to do with real estate. We hope you find our Real Estate Glossary helpful. If we have overlooked terms, please feel free to add them to our Real Estate glossary.

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Government National Mortgage Association (Ginnie Mae)
A government-owned corporation within the U.S. Department of Housing and Urban Development (HUD). Created by Congress on September 1, 1968, GNMA performs the same role as Fannie Mae and Freddie Mac in providing funds to lenders for making home loans. The difference is that Ginnie Mae provides funds for government loans (FHA and VA)

grantee
The person to whom an interest in real property is conveyed.

grantor
The person conveying an interest in real property.

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