WASHINGTON, D.C.—Ginnie Mae published its 2022 Annual Report, detailing its support for affordable homeownership and rental housing, and commitment to strengthening the government mortgage market on behalf of households in rural, urban, suburban, and tribal communities across America.
During the course of this fiscal year, Ginnie Mae supported more than 2.3 million households including underserved segments of the population, first-time homebuyers, servicemembers, and veterans. Mortgage-backed security (MBS) issuance through the course of the year topped $653 billion, and the Ginnie Mae MBS outstanding reached a historic high of $2.284 trillion.
The Annual Report outlines Ginnie Mae’s essential role in providing liquidity for government-sponsored housing programs and the organization’s responsibility under the U.S. Department of Housing and Urban Development 2022-2026 Strategic Plan.
“The initiatives and accomplishments presented in this Report well position Ginnie Mae for achieving its strategic goals. Going forward, we will continue our operational transformation journey to improve our ability to measure and mitigate risks and enhance our value proposition to investors at home and abroad,” said Ginnie Mae President Alanna McCargo.
Specifically, the Annual Report presents how Ginnie Mae advanced homeownership and affordable rental housing through four strategies:
- Advance the digitization and optimization of the Ginnie Mae mortgage-backed securities (MBS) platform to drive more efficient outcomes for issuers, investors, and borrowers.
- Broaden housing finance availability for underserved participants and expand access to Ginnie Mae programs.
- Pursue further methods of enhancing the value of Ginnie Mae MBS by meeting new sources of investor demand.
- Provide a leading voice in the housing finance system by engaging with key stakeholders to communicate and coordinate on Ginnie Mae’s strategic objectives.
The Ginnie Mae 2022 Annual Report can be found
here. Additional information about Ginnie Mae is available at
www.ginniemae.gov,
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About Ginnie Mae
Ginnie Mae is an entirely government-owned corporation that attracts global capital into the housing finance system to support homeownership for veterans and millions of homeowners throughout the country. Ginnie Mae mortgage-backed security (MBS) programs directly support housing finance programs administered by the Federal Housing Administration, the U.S. Department of Veterans Affairs, the U.S. Department of Housing and Urban Development’s Office of Public and Indian Housing, and the U.S. Department of Agriculture’s Rural Housing Service. Ginnie Mae is the only MBS to carry the explicit full faith and credit of the United States Government.