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

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.

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Energy and Natural Resources Committee

Murkowski Highlights Need for Lands and Resources Infrastructure

U.S. Sen. Lisa Murkowski, R-Alaska, today held a hearing to continue the Energy and Natural Resources Committee’s discussion of opportunities to improve and expand American infrastructure. Tuesday’s hearing focused on infrastructure beneficial to federal lands and waters, as well as the people and communities who live near and rely on them.

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NIBS

April 21 BSSC Webinar Looks at Steel-Framed Buildings

The National Institute of Building Sciences Building Seismic Safety Council (BSSC) will host the third webinar in its 2017 series sponsored by the Federal Emergency Management Agency (FEMA). The free webinar, “Design of Seismic Force-Resisting Systems in Steel-Framed Buildings,” will be held Friday, April 21, 2017, from 2:00 pm to 3:00 pm ET (11:00 am to 12:00 pm PT).