No Ginnie Mae is not part of the President's stimulus package. I called my bank Flagstar and they told me, the stimulus package is for Fannie Mae and Freddie Mac Loans only. There is a number that you can call and complain 202-708-1535.

Update 09-17-2009: Ginnie Mae only guarantees loans that are securitized through them. They are associated with FHA, VA, & RD loans. So if the loan is insured by FHA and securitized by Ginnie Mae, they have a chance for assistance. FHA has just come out with a program to help homeowners in default called FHA-Home Affordable Modification Program. Ian Borbolla

the bulk of residential mortgage originations are used to collateralize mortgage securities, primarily through secondary loans originating from Freddie Mac, Fannie Mae, and Ginnie Mae.

I have the same question!

are subprime mortgages dangerous

Ginnie Wade was born in 1843.