Authors Posts by Ginnie Mae
Ginnie Mae

Ginnie Mae

At Ginnie Mae, we help make affordable housing a reality for millions of low- and moderate-income households across America by channeling global capital into the nation's housing markets. Specifically, the Ginnie Mae guaranty allows mortgage lenders to obtain a better price for their mortgage loans in the secondary mortgage market. The lenders can then use the proceeds to fund new mortgage loans available. Without that liquidity, lenders would be forced to keep all loans in their own portfolio, meaning they would not have adequate capital to make new loans.

Unlike the GSEs, Ginnie Mae is profitable. We do not buy or sell loans or issue mortgage-backed securities (MBS). Therefore, our balance sheet doesn't use derivatives to hedge or carry long term debt.

Contact:

Phone: (202) 708-0926

Ginnie Mae

Ginnie Mae Breaks Annual Issuance Record in FY17

Ginnie Mae announced that its mortgage back securities (MBS) issuance totaled $504.58 billion for FY17, which is an all-time annual issuance record. Issuance in FY16 totaled $466.6 billion.
Ginnie Mae

VA, Ginnie Mae Create Task Force to Address Mortgage Refinancing Issues

The Government National Mortgage Association (Ginnie Mae) and the Department of Veterans Affairs (VA) announce the formation of the “Joint Ginnie Mae – VA Refinance Loan Task Force.”
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Ginnie Mae Issues Guidance for Disaster Pass-Through Assistance and Delinquency Ratio Exemptions for Qualifying...

Ginnie Mae issued an All Participants Memorandum (APM) – APM 17-04 to Single-Family Issuers providing updates and further guidance on the availability of optional, special assistance for Hurricanes Harvey, Irma or Maria including associated eligibility requirements and the application process.
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Ginnie Mae exposure to Hurricane(s) Harvey, Irma, and Maria

Ginnie Mae announced the exposure to its MBS Portfolio by Hurricanes Harvey, Irma, and Maria. The information provided breaks down the number of loans and unpaid principal balance amounts in the presidentially declared disaster areas in Texas, Florida, Georgia, Puerto Rico, and the U.S. Virgin Islands. Additionally, it provides the percentage of Ginnie Mae Single Family GNMA II fixed rate, Multiple Issuer MBS pools impacted.
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Ginnie Mae Unpaid Principal Balance Increases to $1.870 Trillion

Ginnie Mae today announced that issuance of its mortgage back securities (MBS) totaled $44.13 billion in August, an increase from July’s issuance of $41.95 billion.
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Ginnie Mae Issues Guidance to Issuers Affected by Hurricanes’ Harvey and Irma

Ginnie Mae issued an All Participants Memorandum (APM) – PM 17-02 to Single-Family Issuers providing buyout guidance for loans impacted by Hurricane Harvey and Hurricane Irma.
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Ginnie Mae Outlines Action on VA Refinance Speeds

In a letter today to Sen. Elizabeth Warren (D-MA), Ginnie Mae outlines its actions to curb VA refinance speeds and aggressive marketing by some VA approved lenders. As Ginnie Mae notes in its letter, rapid refinance and loan churning was recognized as a problem in its VA portfolio last year. This led to Ginnie Mae’s initial measures to change its program rules to address the issue. These initial measures were successful in stopping these practices with many lenders.
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Ginnie Mae Extends Assistance to Harvey-Impacted Issuers

Ginnie Mae is highlighting its assistance program to help its Mortgage Backed Security (MBS) Issuers impacted by Hurricane Harvey. “We’ll work with our partners to ensure we get through this together,” said Michael Bright, Ginnie Mae Executive Vice President, Chief Operating Officer and Acting President.

FHA TO REDUCE ANNUAL INSURANCE PREMIUMS ON MOST MORTGAGES

As the nation’s housing market continues to improve, U.S. Housing and Urban Development Secretary Julián Castro today announced the Federal Housing Administration (FHA) will reduce the annual premiums most borrowers will pay by a quarter of a percent. FHA’s new premium rates are projected to save new FHA-insured homeowners an average of $500 annually

Ginnie Mae Calls on Industry to Address Liquidity Challenges as Fourth Annual Summit Opens:...

Nearly 900 mortgage originators, housing finance experts, and government officials will join Ginnie Mae over the next two days to explore the most critical challenges still facing the housing finance industry. The two-day Summit in Washington, DC will focus on the shift to independent mortgage bankers, new business models for managing mortgage servicing rights, and the uncertain regulatory environment.