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Press Releases

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4/8/2021

WASHINGTON, D.C. – Ginnie Mae mortgage-backed securities (MBS) issuance volume was $82.25 billion in March, up from $77 billion issued in February. Issuance continues to be fueled by across-the-board demand for government-backed mortgages as consumers increase home refinance and home purchase volume during this period of very low interest rates. Approximately 294,072 homes and apartment units were financed by Ginnie Mae guaranteed MBS in March.

“The demand for high-quality, fixed-income assets like Ginnie Mae MBS continues to be a source of affordable financing for homeownership and rental housing,” said Ginnie Mae Acting Executive Vice President Michael Drayne. “Although mortgage rates have increased from their all-time lows, strong consumer appetite for the mortgage programs of our federal insuring and guaranteeing partners continues to drive home purchase and mortgage refinancing and fuel MBS issuance and investment.”

A breakdown of March issuance of $82.25 billion includes $76.81 billion of Ginnie Mae II MBS and $5.44 billion of Ginnie Mae I MBS, which includes $5.35 billion of loans for multifamily housing.

Ginnie Mae's total outstanding principal balance as of March 31 was $2.1 trillion, not significantly different from $2.105 trillion in February, and down slightly from the March 2020 level of $2.14 trillion.

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.

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4/5/2021

WASHINGTON, D.C. – Ginnie Mae announced today that a record 65 Platinum securities transactions were completed in March 2021. In a typical month, between 19 and 22 Platinum transactions are executed. The March 2021 volume represents approximately $5.6 billion of business.

“March demonstrates the success of our Platinum Automation and expansion of the Platinum Product Suite & User base,” said Richard Perrelli, Ginnie Mae Product Manager for Multiclass securities.

Platinum demand was additionally bolstered by the effect near record-low interest rates had on MBS prepayment activity, which shrank the outstanding size of many Ginnie Mae MBS pools. Smaller pools are, all else equal, more expensive and time-consuming to administer. By combining smaller MBS securities into Platinum securities, investors increase operational efficiency and reduce costs.

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.

3/31/2021

Washington, D.C. – Ginnie Mae released its latest Capital Markets Live podcast, which takes an in-depth look at the effect mortgage delinquency and associated loss mitigation and servicing activities are having on the mortgage-backed securities market.

Ginnie Mae Senior Vice President for the Office of Capital Markets, John Getchis, is joined on the podcast by Mr. Cooper Group President and CEO, Jay Bray, for a wide-ranging discussion.

The Ginnie Mae Capital Markets Live podcast can be heard here. For more information, please email: ocmglobalinvestorinquiry@hud.gov

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.

3/12/2021

Washington, D.C. – Ginnie Mae released its latest Capital Markets Live podcast, which examines current conditions in the U.S. mortgage-backed securities market.

Ginnie Mae Managing Director, International Markets Alven Lam is joined on the podcast by Jay Bacow, Managing Director and co-head of U.S. Securitized Products Research at Morgan Stanley for a wide-ranging discussion.

The Ginnie Mae Capital Markets Live podcast can be heard here.

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 (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 government corporation or Government-sponsored enterprise to provide a full-faith-and credit guarantee on MBS, thus lessening the risk for investors and broadening the market for the securities.

3/11/2021

WASHINGTON, D.C. -- Ginnie Mae today announced that it is implementing a new Environmental, Social, and Governance (ESG) stratification record in the Single-Family Supplemental File located on Ginnie Mae’s Disclosure Data Download page. The objective is to give Ginnie Mae mortgage-backed securities investors information that supports their sustainable investing decisions and solutions. The Bulletin update can be found on this page. The objective is to give Ginnie Mae mortgage-backed securities investors information that supports their sustainable investing decisions and solutions. The Bulletin update can be found here.

The ESG record will provide pool level aggregate information about the extent of loans and unpaid principal balance (UPB) dollars that are in low- and moderate-income areas.

The low- and moderate-income areas used in formulating this new disclosure are defined by the Department of Housing and Urban Development (HUD). The new disclosure aggregates to the pool level the number of loans, percent of loans, UPB dollars, and percent UPB dollars across low- and moderate-income areas applicable to the pool.

A test file will be provided in mid-April 2021 and the first production MBS SF PORTFOLIO – POOL SUPPLEMENTAL file containing Record Type 25 will be provided on the Disclosure Data Download page on May 10th.

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.

3/5/2021

WASHINGTON, D.C. – Ginnie Mae mortgage-backed securities (MBS) issuance volume was $76.92 billion in February, down from the record $82.6 billion issued in January. Issuance is fueled by across-the-board demand for government-backed mortgages as consumers increase home refinance and home purchase volume during this period of historically low interest rates. Approximately 274,787 homes and apartment units were financed by Ginnie Mae guaranteed MBS in February.

“Traditional 30-year mortgage rates have increased in recent weeks, but remain historically affordable,” said Ginnie Mae Acting Executive Vice President, Michael Drayne. “Low mortgage rates combined with strong consumer demand for the mortgage programs of our federal insuring and guaranteeing partners continue to drive home purchase and mortgage refinancing, and fuel MBS issuance and investment.”

A breakdown of February issuance of $76.92 billion includes $72.21 billion of Ginnie Mae II MBS and $4.71 billion of Ginnie Mae I MBS, which includes $4.61 billion of loans for multifamily housing.

Ginnie Mae's total outstanding principal balance as of February 28 was $2.11 trillion, flat with $2.11 trillion in January, and down slightly from the February 2020 level of $2.14 trillion.

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.

2/8/2021

WASHINGTON, D.C. – Ginnie Mae mortgage-backed securities (MBS) issuance volume was a record $82.6 billion in January, slightly above the previous record high $81.7 billion issued the prior month. Issuance is fueled by across-the-board demand for government-backed mortgages as consumers increase home refinance and home purchase volume during this period of record-low interest rates. Approximately 293,004 homes and apartment units were financed by Ginnie Mae guaranteed MBS in January.

“Historically low interest rates and the accessible mortgage programs of our federal insuring and guaranteeing partners continue to drive home purchase and mortgage refinancing,” said Ginnie Mae Acting Executive Vice President, Michael Drayne. “Market participants can be sure that Ginnie Mae is focused on meeting the diverse product needs of the investors and Issuers that keep capital flowing to millions of families each year.”

A breakdown of January issuance of $82.61 billion includes $77.95 billion of Ginnie Mae II MBS and $4.65 billion of Ginnie Mae I MBS, which includes $4.57 billion of loans for multifamily housing.

Ginnie Mae's total outstanding principal balance as of January 31 was $2.114 trillion, up from $2.10 trillion in December, and little changed with the January 2020 level of $2.13 trillion.

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.

1/25/2021

Washington, D.C. -- Ginnie Mae reached another milestone in its Digital Collateral Program this month with the issuance of the first mortgage-backed security (MBS) backed by Digital Pools, which are pools consisting entirely and exclusively of eNotes. The MBS, which are composed of loans closed in December 2020, are issued as of January 1, and have coupon rates ranging from 2.50 percent to 3.50 percent. The aggregate principal value of the Digital Pools totaled approximately $24 million.

Director of Policy and Program Development Angel Hernandez, who has spearheaded Ginnie Mae’s Digital Collateral Program, said that “the issuance of securities backed by Digital Pools validates the viability of the securitization model outlined in our Digital Collateral Program and sets the foundation for broader and more rapid adoption of digital mortgages. This event is the culmination of efforts by numerous internal and external stakeholders in our digital initiatives, including Issuers, Document Custodians, warehouse lenders, technology providers and other industry partners.”

Ginnie Mae expects to see escalating levels of growth in the volume of eNotes securitized under its MBS Program for 2021.

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.

1/8/2021

WASHINGTON, D.C. – Ginnie Mae mortgage-backed securities (MBS) issuance surged in December to above $81.7 billion, financing housing for more than 289,000 households. December was the sixth consecutive month that MBS issuance exceeded $70 billion.

A record 57 Ginnie Mae Platinum securities transactions occurred in December, totaling more than $3.5 billion.

“Investors demonstrated widespread demand for Ginnie Mae securities in Dec​ember and throughout 2020,” said Executive Vice President Eric Blankenstein. “During a year of unprecedented business volume, Ginnie Mae seamlessly executed its mission to safely provide consistent liquidity to the government mortgage loan market, supporting the housing needs of millions of homeowners and renters.”

A breakdown of December issuance of $81.7 billion includes $76.7 billion of Ginnie Mae II MBS and $4.96 billion of Ginnie Mae I MBS, which includes $4.88 billion of loans for multifamily housing.

Ginnie Mae's total outstanding principal balance as of December 31 was $2.11 trillion, essentially flat with November 2020 and down slightly from $2.118 trillion in December 2019.

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.

1/7/2021

Washington, D.C. -- Tamara Togans, Ginnie Mae’s Vice President of Enterprise Data Management will discuss the agency’s strategy for adoption of MISMO® data standards at the MISMO Winter Summit on January 13th. Adopting MISMO standards into Ginnie Mae’s single-family pool delivery dataset (PDD) is a top priority of the agency. MISMO adoption will expand upon Ginnie Mae mortgage-backed securities (MBS) modernization initiatives that increase agency efficiency, while reducing costs and complexity for Issuers participating in the government mortgage loan market.

“These are exciting times at Ginnie Mae as we expand our focus on technology adoption, improved data management and design, and program innovation throughout the agency,” said Togans. “MISMO adoption in the single-family business is the latest example.”

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.

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