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Press Release​s​

Ginnie Mae Takes a Key Step on Sustainable Investing with Enhanced Multifamily MBS “Green” Disclosure
Published Date: 2/15/2022 9:55 AM

WASHINGTON, D.C. – Ginnie Mae today announced that it is adding a ”Green Status” field to its multifamily disclosure, giving investors information that supports their sustainable investing decisions and solutions. The new disclosure supports the goals outlined in the November 2021 Climate Action Plan from the Department of Housing and Urban Development and aligns with the Biden-Harris Administration’s government-wide effort to address climate change while creating economic opportunity.

Ginnie Mae’s combined Multifamily Pool and Loan Disclosure Files for both daily/monthly new issuance and monthly portfolio data will have a new Green Status field (field L43) added to the loan section of the disclosure record. This third Ginnie Mae ESG/Green disclosure enhancement in less than one year is aimed at providing investors better Environmental, Social, Governance (ESG) information on which to base their portfolio decisions.

“It’s great to see Ginnie Mae leading in a meaningful way on social and environmental investor disclosures and expanding on the great work on green multifamily financing that the Federal Housing Administration is actively engaged in,” said Ginnie Mae President, Alanna McCargo. “This new pool disclosure represents progress in our ongoing effort to enhance the value proposition of investing in Ginnie Mae mortgage-backed securities and make strides in the sustainable investing arena.”

In 2021, Ginnie Mae took several ESG-related steps to enhance single-family MBS ​disclosure to give investors a view into pool level aggregate information about the social impact and extent to which loans are supporting low- and moderate-income areas and small balance loans, promoting housing affordability. Today’s announcement marks the first steps on multifamily MBS.

In response to this announcement, HUD Deputy Secretary Adrianne Todman said, “In this decisive decade to combat climate change, Ginnie Mae’s actions today are an important component of HUD’s Climate Action Plan and a step forward in building a sustainable, resilient future.”

The new securities disclosure allows investors to easily identify multifamily mortgage-backed securities whose collateral meets the requirements of FHA’s Multifamily “Green” Environmental Product Programs. This will assist investors in acquiring suitable investments to meet their ESG mandates and improve the liquidity of the securities in the secondary trading to other ESG investors.

About Ginnie Mae

Ginnie Mae is a wholly owned government corporation that attracts global capital into the housing finance system to support homeownership for veterans and millions of homeowners throughout the country. Ginnie Mae MBS programs directly support housing finance programs administered by the Federal Housing Administration, the Department of Veterans Affairs, the Department of Housing and Urban Development’s Office of Public and Indian Housing and the Department of Agriculture Rural Housing Service. Ginnie Mae is the only MBS to carry the explicit full faith and credit of the United States government.