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Press Releases

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7/10/2020

WASHINGTON, D.C. – Today, Ginnie Mae announced that issuance of its mortgage-backed securities (MBS) totaled $61.33 billion in June, providing financing for more than 231,000 homeowners and renters.

A breakdown of June issuance includes $58.22 billion of Ginnie Mae II MBS and $3.11 billion of Ginnie Mae I MBS, which includes $2.87 billion of loans for multifamily housing.

Ginnie Mae's total outstanding principal balance of $2.130 trillion is an increase from $2.076 trillion in June 2019.

“In June, Ginnie Mae continued to be the housing finance source that homeowners and renters rely on, helping more than 231,000 families secure safe and affordable housing,” said Ginnie Mae Principal Executive Vice President Seth Appleton. “MBS issuance in June exceeded $60 billion for the third consecutive month. Ginnie Mae’s report today illustrates that our program has the capacity and flexibility to align the capital needs of Issuers originating mortgages with investors around the world seeking high-quality assets, while minimizing risks to taxpayers.”

For more information on monthly MBS issuance, UPB balance, REMIC monthly issuance and global market analysis visit Ginnie Mae Disclosure.

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.

Ginnie Mae I MBS are modified pass-through mortgage-backed securities for which registered holders receive separate principal and interest payments on each of their certificates. Ginnie Mae I securities can include single-family, multifamily, manufactured home and project construction loans.

Ginnie Mae II MBS are modified pass-through mortgage-backed securities for which registered holders receive an aggregate principal and interest payment from a central paying agent. An Issuer may participate in the Ginnie Mae II MBS either by issuing custom, single-Issuer pools or through participation in the issuance of multiple-Issuer pools, which combine loans with similar characteristics.

6/29/2020

WASHINGTON, D.C. – Ginnie Mae announced today in All Participants Memorandum 20-07 (APM 20-07) that effective immediately implements pooling eligibility restrictions on re-performing mortgage loans that were bought out of Ginnie Mae pools. This temporary action continues to provide for buyout transactions that are appropriate and necessary, while maintaining market confidence in Ginnie Mae securities. For more information on the policy change, please see APM20-07 and Ginnie in Brief.

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.

Ginnie Mae I MBS are modified pass-through mortgage-backed securities on which registered holders receive separate principal and interest payments on each of their certificates. Ginnie Mae I securities can include single-family, multifamily, manufactured home and project construction loans.

Ginnie Mae II MBS are modified pass-through mortgage-backed securities for which registered holders receive an aggregate principal and interest payment from a central paying agent. An Issuer may participate in the Ginnie Mae II MBS either by issuing custom, single-Issuer pools or through participation in the issuance of multiple-Issuer pools, which combine loans with similar characteristics.

6/8/2020

WASHINGTON, D.C. – Today, Ginnie Mae announced that issuance of its mortgage-backed securities (MBS) totaled $63.44 billion in May, providing financing for more than 235,000 homeowners and renters.

A breakdown of May issuance includes $60.51 billion of Ginnie Mae II MBS and $2.94 billion of Ginnie Mae I MBS, which includes $2.77 billion of loans for multifamily housing.

Ginnie Mae's total outstanding principal balance of $2.152 trillion is an increase from $2.068 trillion in May 2019.

“Ginnie Mae MBS issuance in May of more than $63 billion financed housing for more than 235,000 families,” said Ginnie Mae Principal Executive Vice President Seth Appleton. “The national economy relies on a strong housing finance system and we at Ginnie Mae are unwavering in our mission to ensure that money flows safely and consistently to communities across the United States while minimizing risks to taxpayers.”

For more information on monthly MBS issuance, UPB balance, REMIC monthly issuance and global market analysis visit Ginnie Mae Disclosure​.

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.

Ginnie Mae I MBS are modified pass-through mortgage-backed securities for which registered holders receive separate principal and interest payments on each of their certificates. Ginnie Mae I securities can include single-family, multifamily, manufactured home and project construction loans.

Ginnie Mae II MBS are modified pass-through mortgage-backed securities for which registered holders receive an aggregate principal and interest payment from a central paying agent. An Issuer may participate in the Ginnie Mae II MBS either by issuing custom, single-Issuer pools or through participation in the issuance of multiple-Issuer pools, which combine loans with similar characteristics.

5/8/2020

WASHINGTON, D.C. – Today, Ginnie Mae announced that issuance of its mortgage-backed securities (MBS) totaled $63.81 billion in April – an all-time record, providing financing for more than 246,000 homeowners and renters.

A breakdown of April issuance includes $61.04 billion of Ginnie Mae II MBS and $2.78 billion of Ginnie Mae I MBS, which includes $2.48 billion of loans for multifamily housing.

Ginnie Mae's total outstanding principal balance of $2.149 trillion is an increase from $2.062 trillion in April 2019.

“The Ginnie Mae MBS program produced nearly $64 billion in securities last month that financed housing for more than 246,000 families, illustrating the commitment of our staff and the flexibility of our program,” said Ginnie Mae Principal Executive Vice President Seth Appleton. “Housing finance is a key component of the nation’s economic well-being and Ginnie Mae is steadfast in our mission to ensure that money flows safely and consistently to communities across the United States, while minimizing risks to taxpayers.”

For more information on monthly MBS issuance, UPB balance, REMIC monthly issuance and global market analysis, visit Ginnie Mae Disclosure.

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.

Ginnie Mae I MBS are modified pass-through mortgage-backed securities on which registered holders receive separate principal and interest payments on each of their certificates. Ginnie Mae I securities can include single-family, multifamily, manufactured home and project construction loans.

Ginnie Mae II MBS are modified pass-through mortgage-backed securities for which registered holders receive an aggregate principal and interest payment from a central paying agent. An Issuer may participate in the Ginnie Mae II MBS either by issuing custom, single-Issuer pools or through participation in the issuance of multiple-Issuer pools, which combine loans with similar characteristics.

5/4/2020

Today, Ginnie Mae issued All Participants Memorandum 20-05 (APM 20-05), which announces the expansion of its Issuer assistance programs in response to the National Emergency declared by the by the President on March 13, 2020, in connection with the COVID-19 National Emergency.

APM 20-05 introduces a new version of the existing Pass-Through Assistance Program (PTAP) for use by Multifamily Mortgage-backed Securities (MF MBS) Issuers facing a temporary liquidity shortfall directly attributable to the COVID-19 National Emergency. The application of PTAP to the COVID-19 National Emergency (PTAP/C19) allows MF MBS Issuers to apply for assistance in meeting their contractual obligation to make timely and in full principal and interest payments due MF MBS holders without being held in default under the Ginnie Mae Guaranty Agreement. This assistance is intended to minimize disruptions in the mortgage servicing and MF MBS capital markets as borrower forbearance and loss mitigation programs are implemented to help provide relief to renters affected by the COVID-19 National Emergency, including the relief provisions outlined in the CARES Act.

Funds advanced by Ginnie Mae will bear a fixed rate of interest. The rate that will apply to a given month’s pass-through assistance to all Issuers will be posted on Ginnie Mae’s website on the second business day of each month.

“This is an extraordinary and last resort option for Multifamily MBS Issuers in these unprecedented times, that will enable them to continue to operate and maintain safe and affordable housing for millions of renters in America who rely on the government mortgage programs financed by Ginnie Mae,” said Ginnie Mae Principal Executive Vice President Seth Appleton. “As important, this program underscores Ginnie Mae’s commitment to ensure timely payment of all scheduled principal and interest to investors holding our Multifamily MBS, regardless of market conditions.”

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 mortgage-backed securities 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.

Ginnie Mae I MBS are modified pass-through mortgage-backed securities on which registered holders receive separate principal and interest payments on each of their certificates. Ginnie Mae I securities can include single family, multifamily, manufactured home and project construction loans.

Ginnie Mae II MBS are modified pass-through mortgage-backed securities for which registered holders receive an aggregate principal and interest payment from a central paying agent. An Issuer may participate in the Ginnie Mae II MBS either by issuing custom, single-Issuer pools or through participation in the issuance of multiple-Issuer pools, which combine loans with similar characteristics.

 

###

5/1/2020

Washington, DC – Ginnie Mae today published the first set of data related to its expanded Pass-Through Assistance Program (PTAP/C19), developed in response to the COVID-19 National Emergency.

PTAP/C19 allows Issuers to apply for assistance in meeting their contractual obligation to make timely and in full principal and interest payments due Mortgage-Backed Security (MBS) holders without being held in default under the Ginnie Mae Guaranty Agreement.

The first set of PTAP/C19 program data is listed below and is available on the Ginnie Mae website. Information on the PTAP/C19 will be updated periodically each month. Ginnie Mae encourages analysts and others interested in the information to subscribe to the page in order to receive the latest information.

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 mortgage-backed securities 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.

Ginnie Mae I MBS are modified pass-through mortgage-backed securities on which registered holders receive separate principal and interest payments on each of their certificates. Ginnie Mae I securities can include single family, multifamily, manufactured home and project construction loans.

Ginnie Mae II MBS are modified pass-through mortgage-backed securities for which registered holders receive an aggregate principal and interest payment from a central paying agent. An Issuer may participate in the Ginnie Mae II MBS either by issuing custom, single-Issuer pools or through participation in the issuance of multiple-Issuer pools, which combine loans with similar characteristics.

###

4/10/2020

Today, Ginnie Mae issued All Participants Memorandum 20-03 (APM 20-03), which announces the expansion of its Issuer assistance programs in response to the National Emergency declared by the by the President of the United States on March 13, 2020, in connection with COVID-19 National Emergency.

The APM introduces a new version of the existing Pass-Through Assistance Program (PTAP) for use by issuers facing a temporary liquidity shortfall directly attributable to the COVID-19 National Emergency. The existing PTAP program had been tailored to natural disaster situations with more limited impact. The application of PTAP to the COVID-19 National Emergency (PTAP/C19) allows Issuers to apply for assistance in meeting their contractual obligation to make timely and in full principal and interest payments due Mortgage-Backed Security (MBS) holders without being held in default under the Ginnie Mae Guaranty Agreement. This assistance is intended to minimize disruptions in the mortgage servicing and MBS capital markets as borrower forbearance and loss mitigation programs are implemented to provide relief to homeowners affected by the COVID-19 National Emergency.

Funds advanced by Ginnie Mae will bear a fixed rate of interest. The rate that will apply to a given month’s pass-through assistance to all Issuers will be posted on Ginnie Mae’s website on the second business day of each month.

“This is an extraordinary and last resort option for Issuers in these unprecedented times, that will enable them to continue to serve homeowners and renters in America who rely on the government mortgage programs financed by Ginnie Mae,” said Ginnie Mae Principal Executive Vice President Seth Appleton. “As important, this program underscores Ginnie Mae’s commitment to ensure timely payment of scheduled principal and interest to investors holding our MBS in all market conditions.”

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 mortgage-backed securities 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.

Ginnie Mae I MBS are modified pass-through mortgage-backed securities on which registered holders receive separate principal and interest payments on each of their certificates. Ginnie Mae I securities can include single family, multifamily, manufactured home and project construction loans.

Ginnie Mae II MBS are modified pass-through mortgage-backed securities for which registered holders receive an aggregate principal and interest payment from a central paying agent. An Issuer may participate in the Ginnie Mae II MBS either by issuing custom, single-Issuer pools or through participation in the issuance of multiple-Issuer pools, which combine loans with similar characteristics.

4/9/2020

WASHINGTON, D.C. – Today, Ginnie Mae announced that issuance of its mortgage-backed securities (MBS) totaled $55.21 billion in March, providing financing for more than 211,000 homeowners and renters.

A breakdown of March issuance includes $52.51 billion of Ginnie Mae II MBS and $2.69 billion of Ginnie Mae I MBS, which includes $2.23 billion of loans for multifamily housing.

Ginnie Mae's total outstanding principal balance of $2.142 trillion is an increase from $2.058 trillion in March 2019.

“The Ginnie Mae MBS program is working for America’s families, facilitating an average of $55 billion in mortgage capital in each of the past eight months,” said Ginnie Mae Principal Executive Vice President Seth Appleton. “That consistency is an illustration of the reliability of our technology infrastructure, especially now as our staff and that of many of our business partners rely on remote connectivity to keep money flowing to our nation’s mortgage borrowers.”

For more information on monthly MBS issuance, UPB balance, REMIC monthly issuance and global market analysis, visit Ginnie Mae Disclosure.

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.

Ginnie Mae I MBS are modified pass-through mortgage-backed securities on which registered holders receive separate principal and interest payments on each of their certificates. Ginnie Mae I securities can include single-family, multifamily, manufactured home and project construction loans.

Ginnie Mae II MBS are modified pass-through mortgage-backed securities for which registered holders receive an aggregate principal and interest payment from a central paying agent. An Issuer may participate in the Ginnie Mae II MBS either by issuing custom, single-Issuer pools or through participation in the issuance of multiple-Issuer pools, which combine loans with similar characteristics.

4/7/2020

Washington, DC – April 7, 2020 - Ginnie Mae today announced that it had approved the inclusion of a servicing advance financing facility under its Acknowledgment Agreement program. Under its Acknowledgment Agreements, Ginnie Mae has permitted a Note Securitization (NS) structure, which was developed in 2016 and allows for the securitization of servicing cash flows through a trust. This structure has been strongly supported by institutional investors that previously lacked a vehicle for investing in mortgage servicing rights (MSRs). Five of Ginnie Mae’s top 11 Issuers (by February issuance volume) utilize the NS structure.

As a result of the current transaction, PennyMac Financial Services, Inc. will be able to access financing for servicing advances through the NS trust. This transaction represents the first time that the NS Structure, which was originally designed to provide financing based on the value of the MSRs as a whole, has been expanded to separately finance the advanced payments that a servicer makes in connection with individual loans in its MBS pools. Separate financing for servicing advances under government insured-mortgage lending has been much more difficult for the private market to supply than for conventional loans.

“Owning and servicing MSRs is a capital-intensive proposition, and the more avenues that exist for private capital to flow into the system on attractive terms, the easier it becomes to fulfill our mission of bringing global capital into the US housing market, while minimizing risk to the taxpayer,” said Ginnie Mae Principal Executive Vice President Seth Appleton. “We are pleased to have been able to finalize this transaction, because it represents another step forward in the improvement of the liquidity supply for the housing finance system.”

Outstanding financing under the NS Structure exceeded $3 billion as of year-end 2019.

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.

3/20/2020

Washington, D.C. -- In the wake of the COVID-19 outbreak, Ginnie Mae is positioned to continue providing services across its range of stakeholders. We are in close communication with issuers, servicers, vendors, and trustees. Program functions are expected to be completed in a timely manner. In addition, Ginnie Mae is working in tandem with its insuring agency partners, including the Federal Housing Administration (FHA), the U.S. Department of Veterans Affairs (VA), and the U.S. Department of Agriculture (USDA) to ensure a continued flow of homeownership capital. We are addressing the economic impacts resulting from the outbreak and will take further action as necessary. In the meantime, if you have additional questions, visit Ginniemae.gov or contact Ginnie Mae Relationship Services at (800) 234-4662, Option 5.

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.

Ginnie Mae I MBS are modified pass-through mortgage-backed securities on which registered holders receive separate principal and interest payments on each of their certificates. Ginnie Mae I securities can include single-family, multifamily, manufactured home and project construction loans.

Ginnie Mae II MBS are modified pass-through mortgage-backed securities for which registered holders receive an aggregate principal and interest payment from a central paying agent. An Issuer may participate in the Ginnie Mae II MBS either by issuing custom, single-Issuer pools or through participation in the issuance of multiple-Issuer pools, which combine loans with similar characteristics.

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Last Modified: 7/12/2019 9:51 PM