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.

Popular Government & Nonprofit Press Releases

DCHFA

DCHFA Introduces Multi-Family Online Application

The District of Columbia Housing Finance Agency (DCHFA) takes its multifamily financing process completely online with the launch of the new Multi-Family Lending Application. “We developed this application to make it easier for developers to do business with the Agency to increase the production of affordable housing in the District of Columbia,” stated Todd A. Lee, Executive Director of DCHFA, “This is the first in a series of innovations in affordable housing finance that the Agency will deliver over the next 12 months.

Recent Government & Nonprofit Press Releases

ASE

Alliance To Save Energy Announces Six “Stars Of Energy Efficiency” Award...

The 2017 Stars of Energy Efficiency awards, honoring the top energy efficiency innovators, will be presented to American Water, the Chevrolet Bolt EV, Itron, National Renewable Energy Laboratory, Schneider Electric and 7-Eleven, the Alliance to Save Energy (Alliance) announced today. The awards will be conferred before nearly 400 leaders from industry, government and the non-profit sectors at the 25th annual Evening with the Stars of Energy Efficiency Awards Dinner on September 14 in Washington, D.C.