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Press Release​s​

Ginnie Mae to Ring in Its 55th Anniversary at the New York Stock Exchange Closing Bell
Published Date: 7/28/2023 8:30 AM

WASHINGTON, D.C. –The Secretary of the Department of Housing and Urban Development, the Honorable Marcia L. Fudge, and the President of Ginnie Mae, the Honorable Alanna McCargo, will ring the New York Stock Exchange closing bell at 4:00 p.m. EDT today, Friday, July 28th, in recognition of the 55th anniversary of the signing of the Housing and Urban Development Act of 1968 by President Lyndon B. Johnson, which created the Government National Mortgage Association (Ginnie Mae).

Ginnie Mae was explicitly created following the passage of the Civil Rights Act, with the mission to serve those who had historically been unable to access mortgages and housing fairly and to assist in providing affordable rental and homeownership opportunities for low- and moderate-income households. Congress established Ginnie Mae to create a liquid secondary market for residential mortgages, making affordable, equitable homeownership and rental housing a reality for millions of Americans.

Today’s bell ringing will kick off a month of special events and activities highlighting Ginnie Mae’s history, work to help historically underserved communities access affordable housing and mortgage lending, and priorities for the future.

Watch the event via livestream at

Additional information about Ginnie Mae is available at and on Twitter, YouTube​, Facebook, and LinkedIn.

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.