Ginnie In Brief
|by Michael Drayne | 6/20/2018|
Since our inception 50 years ago, we have proven ourselves to be a durable mainstay of the U.S. housing finance system, and the past decade at Ginnie Mae has been one of historic growth and change. Our market share has risen to a peak of 31 percent in recent years – up from just 4 percent in 2005 – and we are now the second largest guarantor of MBS, measured by securities outstanding. To keep pace with our expanded role in the housing finance system, we continue to explore new ways to meet the evolving needs of the mortgage market.
To educate the marketplace about the many ways Ginnie Mae is modernizing its platforms, programs and products in the coming years, Ginnie Mae is pleased to release Ginnie 2020. A companion paper to Ginnie at 50, this paper will build on our 50-year history with a particular focus on our modernization efforts of the past seven years. It outlines our modernization efforts across three pillars of strategic focus to Ginnie Mae:
- Our mortgage-backed securities program and platform,
- Standards for managing counterparty risk, and
- Organizational innovation.
In addition to exploring these three pillars of change that will take us into the next decade and beyond, this paper discusses milestones Ginnie Mae plans to achieve by the year 2020.
Since 1968, Ginnie Mae has been flexible and stable enough to survive all market conditions, and we will continue this track record of success as we modernize and explore opportunities for innovation.
We encourage you to read Ginnie 2020 to learn more about Ginnie Mae’s modernization goals through 2020, and for decades to come.
|Ginnie Mae at 50|
|by Michael R. Bright | 5/21/2018|
For the past 50 years, Ginnie Mae has provided countless Americans, including veterans, first-time homebuyers, and low- and moderate-income borrowers the opportunity for homeownership. We have played an integral role in expanding housing opportunity for Americans by bringing global capital to the U.S. housing market and maintaining stability and liquidity through all market cycles.
But – maybe understandably – many people don’t have a good sense of how this process works. So, to broaden public understanding of who Ginnie Mae is, what we do and how we do it, we’re pleased to release Ginnie at 50. This paper provides insights into our:
- 50-year history,
- Business model, and
- Six core functions.
We’ve come a long way since 1968, and will continue to evolve and modernize our platform, programs and products to ensure we’re fully-equipped for our current mission, and able to step up to any role policymakers may task our agency with in the future. So, please keep an eye out in the coming weeks for a complementary paper that addresses the other side of our story; where Ginnie Mae is headed in the future as we continue evolving to meet the needs of the dynamic housing finance marketplace.
In the meantime, we encourage you take a few minutes to read Ginnie at 50. Having done so, you will have a better grasp of one of the lesser understood, yet most important and durable pillars in the U.S. housing finance system.
|Who Does Ginnie Mae Finance?|
|by Ginnie Mae | 5/21/2018|
Ginnie Mae finances America. For 50 years Ginnie Mae has brought global capital to the U.S. housing finance market at minimal risk to the U.S. taxpayer. We've provided the liquidity and stability that helps millions of veterans and low- and moderate- income households find affordable homes.
|Introducing Ginnie In Brief|
|by Michael R. Bright | 5/21/2018|
Welcome to Ginnie In Brief, our channel to expand understanding of the broader housing finance system that benefits us all, and to update the marketplace on happenings within our organization. Our intention is to comment on timely Ginnie Mae or industry news whenever we believe our readers would benefit from us doing so. We expect to have meaningful content to contribute at least twice monthly, but it could be less or more, as events determine. And over time, you can expect various forms of media on Ginnie In Brief, including written posts, infographics, images, data sheets, and video commentary. We intend to share our posts across all our social media channels, too.
One reason we think it will be helpful for us to publish here is that the leadership team at Ginnie Mae meets regularly with the many issuers, investors, policymakers and partners who use or monitor our platform every day. We use these conversations to better understand the needs of the stakeholders we serve, and to make sure they are aware of the latest information and insights coming from Ginnie Mae.
These in-person sessions have been so well received that we feel it would be helpful to a variety of audiences for us to extend similar information to our global stakeholders. That’s why we’re excited to introduce the Ginnie In Brief blog. We hope you benefit from these initial posts, and get in the habit of reading the content we publish.