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| 12/11/2025 | |
Washington, D.C. – December 11, 2025 – Today, Ginnie Mae announced it was aligning its Liquidation Event Reporting (LER) for Ginnie Mae Issuers with other large market participants. The requirement is designed to enhance operational resiliency and strengthen the accuracy and timeliness of liquidation data used to calculate investor pass-through payments across the Ginnie Mae Mortgage-Backed Securities (MBS). LER is designed to: - Align Ginnie Mae's reporting practices with those other prominent actors in the industry, including Fannie Mae and Freddie Mac, which collect and disclose liquidation data on an ongoing basis.
- Enhance operational and business resiliency by improving the accuracy of pool factor calculations when standard Issuer reporting is disrupted.
- Improve data timeliness through event-based submission of full loan payoff (liquidation) events during the reporting month.
- Support investor disclosure by providing more timely liquidation data to help investors monitor and value their holdings.
Under the new LER requirements, Issuers will submit liquidation event reports on the business day following each liquidation rather than as part of a single month-end reporting process. This event-based reporting will enable Ginnie Mae to collect liquidation information throughout the reporting month, improving the accuracy of payment estimations if regular reporting is interrupted. In the future, Ginnie Mae plans to make more frequent LER disclosures available to investors. “This important initiative will reduce the need for Issuers to have different but parallel processes for liquidation event reporting," said Ginnie Executive Vice President and Chief Operating Officer, Joe Gormley, “while also making our platform more resilient."
LER implementation is targeted for the February 2026 reporting period. Ginnie Mae will conduct testing and training activities with Issuers ahead of mandatory reporting to support smooth implementation. Additional guidance will be issued ahead of implementation detailing submission processes and reporting requirements and with any relevant updates to program documentation. Contact Ginnie Mae's centralized service desk at
askGinnieMae@HUD.gov with any technical questions about this announcement. For any other questions, please contact your Account Executive directly. Visit APM 25-07 for more information.
About Ginnie Mae
Ginnie Mae is a wholly 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 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 U.S. Government. Additional information about Ginnie Mae is available at
www.ginniemae.gov and on
X,
YouTube,
Facebook, and
LinkedIn.
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| 12/1/2025 | | Washington, D.C. - Ginnie Mae’s combined September and October 2025 update shows the mortgage-backed securities (MBS) portfolio outstanding increased from $2.83 trillion to $2.84 trillion. Monthly issuance reached $46.8 billion in September and $50.2 billion in October totaling $97 billion, contributing to $23.1 billion in net portfolio growth.
Ginnie Mae supported the pooling and securitization of loans for more than 286,000 American households, including over 126,000 first-time homebuyers, helping strengthen liquidity and stability throughout the U.S. housing finance system.
Key highlights from the September issuance include:
- $44.4 billion in Ginnie Mae II MBS.
- $2.4 billion in Ginnie Mae I MBS, including $2.3 billion for multifamily housing loans.
- The pooling and securitization of loans for more than 138,000 households, including over 65,000 first-time homebuyers.
Key highlights from the October issuance include: - $48.3 billion in Ginnie Mae II MBS.
- $1.8 billion in Ginnie Mae I MBS, including $1.8 billion for multifamily housing loans.
- The pooling and securitization of loans for more than 148,000 households, including over 61,000 first-time homebuyers.
For detailed information on monthly MBS issuance, unpaid principal balance, Real Estate Mortgage Investment Conduit (REMIC) issuance, and a broader analysis of global market trends, visit Ginnie Mae Disclosure.
Ginnie Mae is a wholly 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 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 U.S. Government. Additional information about Ginnie Mae is available at www.ginniemae.gov and on X, YouTube, Facebook, and LinkedIn. |
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| 10/1/2025 | |
Washington, D.C.— Ginnie Mae plays a critical role in the secondary mortgage market, providing stability and liquidity, and maintaining the overall health of the economy. As such,
Ginnie Mae will continue to perform all functions necessary to ensure that there is not a disruption in the market during a potential lapse in appropriations. These functions include granting of commitment authority, support for continued issuance of Ginnie Mae-guaranteed Mortgage-Backed Securities (MBS) (including related PIIT pools) and Real Estate Mortgage Investment Conduits (REMICs) and taking all actions necessary to ensure timely payment of principal and interest to investors. During a potential lapse in appropriations, single-family and multifamily loans will continue to remain eligible for securitization so long as they meet requirements for insurance/guaranty of the insuring/guaranteeing agency when they are pooled and are in the process of being insured or guaranteed. For more information, including FAQs, see HUD's Contingency Plan for a Possible Lapse in Appropriations.
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. Additional information about Ginnie Mae is available at www.ginniemae.gov and on Twitter, YouTube, Facebook, and LinkedIn.
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| 9/10/2025 | | Washington, D.C.—Ginnie Mae's mortgage-backed securities (MBS) portfolio outstanding reached $2.82 trillion as of August 2025. During the month, Ginnie Mae issued $47.5 billion in MBS, contributing to net portfolio growth of $18.5 billion. Year to date, Ginnie Mae has facilitated the pooling and securitization of more than 477,000 loans for first-time homebuyers.
Key highlights from the August issuance include: - $45.7 billion in Ginnie Mae II MBS.
- $1.8 billion in Ginnie Mae I MBS, including $1.7 billion for multifamily housing loans.
- The pooling and securitization of loans for more than 141,000 households, including over 68,000 first-time homebuyers.
For detailed information on monthly MBS issuance, unpaid principal balance, Real Estate Mortgage Investment Conduit (REMIC) issuance, and a broader analysis of global market trends, visit Ginnie Mae
Disclosure.
About Ginnie Mae
Ginnie Mae is a wholly 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 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 U.S. Government. Additional information about Ginnie Mae is available at
www.ginniemae.gov and on
X,
YouTube,
Facebook, and
LinkedIn.
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| 8/14/2025 | | Washington, D.C.—Ginnie Mae’s mortgage-backed securities (MBS) portfolio outstanding grew to $2.8 trillion as of July 2025. In addition, Ginnie Mae issued $47.7 billion in total MBS, resulting in net portfolio growth of $20.3 billion. Ginnie Mae facilitated the pooling and securitization of more than 409,000 loans for first-time homebuyers year to date.
Key highlights from the July issuance include:
- $45.9 billion in Ginnie Mae II MBS.
- $1.7 billion in Ginnie Mae I MBS, including $1.6 billion for multifamily housing loans.
- The pooling and securitization of loans for more than 140,000 households, including over 71,000 first-time homebuyers.
For detailed information on monthly MBS issuance, unpaid principal balance, Real Estate Mortgage Investment Conduit (REMIC) issuance, and a broader analysis of global market trends, visit Ginnie Mae Disclosure.
About Ginnie Mae
Ginnie Mae is a wholly 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 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 U.S. Government. Additional information about Ginnie Mae is available at www.ginniemae.gov and on X, YouTube, Facebook, and LinkedIn. |
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| 7/15/2025 | |
Washington, D.C.—Ginnie Mae's mortgage-backed securities (MBS) portfolio outstanding grew to $2.78 trillion as of June 2025. In addition, Ginnie Mae issued $48 billion in total MBS, resulting in net portfolio growth of $22 billion. Ginnie Mae facilitated the pooling and securitization of more than 337,000 loans for first-time homebuyers year to date.
Key highlights from the June issuance include: - $46.2 billion in Ginnie Mae II MBS.
- $1.76 billion in Ginnie Mae I MBS, including $1.5 billion for multifamily housing loans.
- The pooling and securitization of loans for more than 140,000 households, including 69,000 first-time homebuyers.
For detailed information on monthly MBS issuance, unpaid principal balance, Real Estate Mortgage Investment Conduit (REMIC) issuance, and a broader analysis of global market trends, visit Ginnie Mae
Disclosure.
About Ginnie Mae
Ginnie Mae is a wholly 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 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 U.S. Government. Additional information about Ginnie Mae is available at
www.ginniemae.gov and on
X,
YouTube,
Facebook, and
LinkedIn. |
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| 6/18/2025 | |
Washington, D.C.—Ginnie Mae's mortgage-backed securities (MBS) portfolio outstanding grew to $2.76 trillion as of May 2025. In addition, Ginnie Mae issued $48 billion in total MBS, resulting in net portfolio growth of $17.6 billion. Ginnie Mae facilitated the pooling and securitization of 268,000 loans for first-time homebuyers year to date.
Key highlights from the May issuance include: - $46.3 billion in Ginnie Mae II MBS.
- $1.7 billion in Ginnie Mae I MBS, including $1.5 billion for multifamily housing loans.
- The pooling and securitization of loans for more than 140,000 households, including 63,000 first-time homebuyers.
For detailed information on monthly MBS issuance, unpaid principal balance, Real Estate Mortgage Investment Conduit (REMIC) issuance, and a broader analysis of global market trends, visit Ginnie Mae
Disclosure.
About Ginnie Mae Ginnie Mae is a wholly 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 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 U.S. Government. Additional information about Ginnie Mae is available at
www.ginniemae.gov and on
X,
YouTube,
Facebook, and
LinkedIn.
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| 5/15/2025 | |
Washington, D.C. — Ginnie Mae’s mortgage-backed securities (MBS) portfolio outstanding grew to $2.74 trillion as of April 2025. In addition, Ginnie Mae issued $42.2 billion in total MBS, resulting in a net portfolio growth of $10.6 billion. Ginnie Mae has facilitated the pooling and securitization of 205,000 loans for first-time homebuyers year to date.
Key highlights from the April issuance include:
- $40.7 billion in Ginnie Mae II MBS.
- $1.4 billion in Ginnie Mae I MBS, including $1.3 billion for multifamily housing loans.
- The pooling and securitization of loans for more than 125,000 households, including 58,000 first-time homebuyers.
For detailed information on monthly MBS issuance, unpaid principal balance, Real Estate Mortgage Investment Conduit (REMIC) issuance, and a broader analysis of global market trends, visit Ginnie Mae
Disclosure. About Ginnie Mae
Ginnie Mae is a wholly 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 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 U.S. Government. Additional information about Ginnie Mae is available at
www.ginniemae.gov and on
X,
YouTube,
Facebook, and
LinkedIn.
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| 4/17/2025 | | Washington, D.C.—Ginnie Mae’s mortgage-backed securities (MBS) portfolio outstanding grew to $2.73 trillion as of March 2025. In addition, Ginnie Mae issued $33.2 billion in total MBS, resulting in a net portfolio growth of $5.9 billion. Ginnie Mae facilitated the pooling and securitization of 146,000 loans for first-time homebuyers year to date.
Key highlights from the March issuance include:
- $31.4 billion in Ginnie Mae II MBS.
- $1.7 billion in Ginnie Mae I MBS, including $1.6 billion for multifamily housing loans.
- The pooling and securitization of loans for more than 98,000 households, including 46,000 first-time homebuyers.
For detailed information on monthly MBS issuance, unpaid principal balance, Real Estate Mortgage Investment Conduit issuance, and a broader analysis of global market trends, visit Ginnie Mae Disclosure.
About Ginnie Mae Ginnie Mae is a wholly 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 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 U.S. Government. Additional information about Ginnie Mae is available at www.ginniemae.gov and on X, YouTube, Facebook, and LinkedIn.
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| 4/16/2025 | | Washington, D.C.—Ginnie Mae welcomes Joseph M. Gormley as its new Executive Vice President (EVP) and Chief Operating Officer (COO). With extensive experience in housing policy and financial services, Gormley will oversee Ginnie Mae’s mission to support stability in the nation’s housing markets.
Gormley’s track record demonstrates his housing finance expertise and commitment to public service. In a prior stint in federal government service, Gormley held several senior roles at the United States Department of Housing and Urban Development, including Deputy Assistant Secretary for Single Family Housing at the Federal Housing Administration (FHA) and Chief of Staff to the Deputy Secretary.
Beyond his service at HUD, Gormley held roles at the Independent Community Bankers of America (ICBA) as Assistant Vice President and Regulatory Counsel, as well as at the Mortgage Bankers Association and the Financial Industry Regulatory Authority.
“I am very happy to see Joe Gormley take the helm at Ginnie Mae as Executive Vice President and Chief Operating Officer,” said HUD Secretary Scott Turner. “With Ginnie Mae’s central role in mortgage financing, his leadership will bring stability and strength to this segment of the housing market.”
As EVP and COO, Gormley will lead Ginnie Mae’s strategic initiatives, operational functions, and risk-management efforts, ensuring that the organization remains focused so that its programs are delivered efficiently, responsibly, and sustainably.
“I am honored to join Ginnie Mae and contribute to its important mission,” said Gormley. “I look forward to working with the dedicated team at the agency to strengthen and enhance the role of the MBS program in serving homeowners and renters across the country.”
Gormley’s appointment reinforces Ginnie Mae’s commitment to maintaining a strong U.S. housing finance system. His experience and vision will be critical in advancing Ginnie Mae’s goals and delivering on its promise to provide stability and affordability to the nation’s housing market.
About Ginnie Mae
Ginnie Mae is a wholly 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 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 U.S. Government. Additional information about Ginnie Mae is available at www.ginniemae.gov and on X, YouTube, Facebook, and LinkedIn. |
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