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Press Release​s​

Ginnie Mae President Concludes Delegation to Taiwan, South Korea
Published Date: 4/18/2023 1:00 PM

Washington, D.C. – Ginnie Mae President Alanna McCargo led a delegation to Asia last week as part of an eight-day trip to Taipei, Taiwan and Seoul, South Korea, where they met with Ginnie Mae mortgage-backed securities (MBS) investors, financial institutions, and regulatory organizations in the region.

While in Taiwan, President McCargo met with the Central Bank of Taiwan and the Financial Supervisory Commission, accompanied by the American Institute in Taiwan. Ginnie Mae keynoted two luncheon conferences with large investment firms and held meetings with several banks with holdings of MBS and Ginnie Mae structured finance products. During the events, President McCargo discussed Ginnie Mae’s global mission and purpose, the current state of affordable housing in the U.S., Ginnie Mae’s structured finance offerings, and its strategy for Environmental, Social, and Governance, or ESG investing, which is an emerging area of interest in the Asian investor community.

The delegation traveled to South Korea for a series of events and meetings with government and private finance entities, including South Korea’s Housing and Urban Guaranty Corporation and the Bank of Korea. President McCargo also spoke at an investor conference with dozens of attendees from the Korean financial and insurance sectors. The U.S. Embassy in Seoul hosted an economic briefing with the Ginnie Mae delegation led by its Deputy Chief of Mission Joy M. Sakurai.

“Our global investor visits are critical to maintaining government and industry relationships and exchanging information about Ginnie Mae’s operations, risks, and our role in the U.S. housing market,” said President McCargo. “It’s been over four years since Ginnie Mae has visited partners face to face in this part of Asia, and we value the opportunity to reaffirm our commitment and our full faith and credit guaranty, which is highly valued by investors around the globe.”

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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. ​