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12/12/2019

WASHINGTON, D.C. – Ginnie Mae today announced that issuance of its mortgage-backed securities (MBS) totaled $56.09 billion in November, providing financing for more than 216,352 homeowners and renters.

A breakdown of November issuance includes $53.624 billion of Ginnie Mae II MBS and $2.466 billion of Ginnie Mae I MBS, which includes $1.883 billion of loans for multifamily housing.

Ginnie Mae's total outstanding principal balance of $2.111 trillion is an increase from $2.033 trillion in November 2018.

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 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 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.

11/15/2019

Ginnie Mae’s Director of MBS Policy and Program Development to Speak at Rewired Conference  

 
Washington, DC -- Angel Hernandez, Ginnie Mae’s Director of MBS Policy and Program Development, will outline the corporation’s progress in the development of a digital mortgage solution framework for its mortgage-backed securities (MBS) program at the upcoming Rewired Conference in Miami, Florida on November 18. 

This event is the latest by Ginnie Mae to provide mortgage market stakeholders with information on the company’s strategy for eMortgage adoption. In October, Ginnie Mae announced that it had selected eOriginal as its provider of eVault software and services, a pre-requisite for establishing a comprehensive eMortgage program for Ginnie Mae’s $2.1 trillion MBS program. In addition, Ginnie Mae is in the process of collecting feedback on its proposed guidelines for digital collateral, also published in October. Industry feedback on these guidelines is due December 1.  
 
Ginnie Mae is committed to modernizing its MBS program by enhancing its policies and guidelines and deploying new state-of-the-art user-facing technology across all aspects of its business. More on Ginnie Mae’s roadmap to modernization can be found in the Ginnie Mae 2020 Progress Update on the company’s website.  
 
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 HUD 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.
11/13/2019

WASHINGTON, D.C. – Ginnie Mae today announced that issuance of its mortgage-backed securities (MBS) totaled $60.046 billion in October, providing financing for more than 229,000 homeowners and renters.

A breakdown of October issuance includes $57.450 billion of Ginnie Mae II MBS and $2.596 billion of Ginnie Mae I MBS, which includes $1.737 billion of loans for multifamily housing.

Ginnie Mae's total outstanding principal balance of $2.101 trillion is an increase from $2.019 trillion in October 2018.

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 mortgage-backed securities (MBS) programs directly support housing finance programs administered by the Federal Housing Administration, the Department of Veterans Affairs, the HUD 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.

10/25/2019

WASHINGTON, D.C. – Today, Ginnie Mae published a Request for Input (RFI) on the requirements that address the acceptability of digital promissory notes and other electronic documents for Ginnie Mae pools and loan packages, as well as participation in its Digital Collateral Pilot (Pilot).

"This announcement underscores Ginnie Mae’s commitment to modernizing its mortgage-backed securities (MBS) program and platform in order to create a digital mortgage ecosystem, from loan application through securitization, that increases access to credit for many Americans,” said Angel Hernandez, Director MBS Policy and Program Development. “It will also enhance the integrity of Ginnie Mae collateral by reducing the risk from defects in loan instruments. For these reasons, Ginnie Mae is investing in the development and implementation of the policies, technology and operational capabilities necessary to take in digital promissory notes and other digitized loan files as acceptable collateral for our securities.”

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 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. 

10/22/2019

WASHINGTON, D.C. – Ginnie Mae announced today that it selected eOriginal, Inc. as its provider for eVault software and services.  eOriginal will serve as a key business partner in Ginnie Mae’s implementation of its digital collateral pilot program and ultimate adoption of electronic notes as acceptable collateral for Ginnie Mae MBS. 

“This announcement underscores Ginnie Mae’s commitment to modernizing its MBS program and platform, as outlined in our Ginnie Mae 2020 white paper​, “The Road to Modernizing and Enhancing our Programs,” said Angel Hernandez, Director, MBS Policy and Program Development. “Creating a digital mortgage ecosystem, from loan application through securitization, increases access to credit for many Americans. It will also enhance the integrity of Ginnie Mae collateral by reducing the risk from defects in loan instruments. For these reasons, Ginnie Mae is investing to develop and implement the policies, technology and operational capabilities necessary to take in digital promissory notes and other digitized loan files as acceptable collateral for our securities.”

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 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.

10/15/2019

​Washington, D.C. – Ginnie Mae will host a conference call on Wednesday, October 16, 2019 at 5:00 p.m. EST to update the mortgage finance and investor communities regarding the recent leadership transition at the agency. 

The conference call can be accessed by dialing the following numbers below. Please dial in 10 minutes prior to the start of the call. The number of lines is limited and available on a first-come, first-served basis.

Domestic Participant Dial-In: (800) 230-1059

International Participant Dial-In: (612) 288-0329

Confirmation Number: 473234

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 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.

10/15/2019

WASHINGTON, D.C. – Ginnie Mae announced today that investors purchased a record $32 billion of Platinum Securities spread across 217 pools in the fiscal year that ended September 30. Platinum Securities volume in fiscal year 2018 was approximately $20 billion.

Ginnie Mae Platinum Securities are issued through the Ginnie Mae Multiclass Securities Program and provide investors of mortgage-backed securities (MBS) with greater market and operating efficiencies. Investors who hold multiple pools of MBS can combine new or existing MBS into a single Ginnie Mae Platinum Certificate. Once a Ginnie Mae Platinum Certificate has been created, it can be used efficiently in structured finance transactions, repurchase transactions and general trading.

The record volume caps a strong year for the Ginnie Mae Platinum program. In April, Ginnie Mae introduced a Platinum product for Home Equity Conversion Mortgages (HECMs). The new Platinum product, known as HMBS, was the latest evolution in the modernization of Ginnie Mae’s Platinum Securities Program, which has been adding investor-focused functionality since 2017. Today, investors can create Platinum products using fixed-rate MBS (15- and 30-year mortgages); Weighted Average Coupon (WAC) Adjustable Rate Mortgage (ARM) and Jumbo Only Fixed mortgages.

The market adoption of the modernized process for Platinum products has been strong: prior to modernization, fiscal year 2017 production of Platinum securities with fixed-rate collateral was only $7.88 billion. Following modernization and automation inside the new MyGinnieMae portal, volume grew to more than $20 billion in fiscal year 2018.

“The results this year clearly demonstrate that our Platinum program modernization efforts are aligned with the needs of investors,” said John Daugherty, SVP, Office of Securities Operations. “Making it simpler for investors to manage their portfolio of Ginnie Mae securities, while enhancing the liquidity of their Ginnie Mae investments, supports our mission to foster a strong secondary mortgage market for government mortgage loans. We’re helping borrowers across the U.S. obtain the lowest mortgage rates an efficient market can offer.”

Modernization of Ginnie Mae’s technology and business processes is a key feature of the agency’s strategic plan. More of Ginnie Mae’s operational and technology modernization goals can be found in the progress update of the Ginnie Mae 2020 paper.

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 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.

10/11/2019

WASHINGTON, D.C. – Ginnie Mae today announced that issuance of its mortgage-backed securities (MBS) totaled $53.517 billion in September, providing financing for more than 207,000 homeowners and renters.

A breakdown of September issuance includes $51.493 billion of Ginnie Mae II MBS and $2.024 billion of Ginnie Mae I MBS, which includes $1.593 billion of loans for multifamily housing.

Ginnie Mae's total outstanding principal balance of $2.093 trillion is an increase from $2.008 trillion in September 2018.

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 mortgage-backed securities (MBS) programs directly support housing finance programs administered by the Federal Housing Administration, the Department of Veterans Affairs, the HUD 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.

10/11/2019
WASHINGTON - The U.S. Department of Housing and Urban Development (HUD) and the Government National Mortgage Association (Ginnie Mae) today announced Executive Vice President and Chief Operations Officer Maren Kasper will be stepping down on October 18 to pursue an opportunity in the private sector.

"I want to thank Maren for her significant contributions to both Ginnie Mae and the Department which have helped enable more Americans to become homeowners,” said Secretary Carson. "She has done a tremendous job stepping in to lead Ginnie Mae and its talented team. We all wish her well and know the future for her is bright.”

“It’s been an honor and a privilege to serve you and this Administration since joining the Department on January 20, 2017. I am proud of all that we have accomplished over the last three years. Our efforts under the Ginnie Mae 2020 strategic plan have protected taxpayers, continued to evolve the Ginnie Mae platform for the future, and improved the performance of the Ginnie Mae security, all to the benefit of American homeowners,” said Maren Kasper in her resignation letter to Housing and Urban Development Secretary Ben Carson.

In the interim, Seth D. Appleton, Assistant Secretary for Policy Development and Research, will concurrently serve as Principal Executive Vice President. Appleton joined HUD in July 2017. Additionally, Michael Drayne will assume the role of acting Executive Vice President. Currently, Drayne is Senior Vice President for Strategic Planning and Policy. Drayne joined Ginnie Mae in March 2011.

Ginnie Mae leadership will host a conference call for global investors and stakeholders next week to discuss this leadership transition. Additional details to follow.

Background

Ginnie Mae’s mission is to bring global capital into the housing finance market — a system that runs through the heart of our nation's economy — while minimizing risk to the taxpayer. For 50 years, Ginnie Mae has worked to make affordable housing a reality for millions of Americans through providing liquidity and stability, serving as the principal financing arm for government loans and ensuring that mortgage lenders have the necessary funds to provide loans to consumers. Ginnie Mae delivers mortgage securitization programs for mortgage lenders and attractive offerings for global investors.

Ginnie Mae developed the nation's first mortgage-backed securities (MBS) in 1970 and is the only federal agency tasked with the administration and oversight of an explicit, paid-for, full-faith-and-credit guaranty on MBS. Even in difficult times, an investment in Ginnie Mae MBS has proven to be one of the safest an investor can make, as evidenced by the demand for these securities from investors worldwide.

###

HUD's mission is to create strong, sustainable, inclusive communities and quality affordable homes for all.

More information about HUD and its programs is available on the Internet

at www.hud.gov and http://espanol.hud.gov.

You can also connect with HUD on social media and follow Secretary Carson on Twitter and Facebook or sign up for news

alerts on HUD's Email List.

9/12/2019

WASHINGTON, D.C. – Ginnie Mae today announced that issuance of its mortgage-backed securities (MBS) totaled $52.478 billion in August, providing financing for more than 207,000 homeowners and renters.

A breakdown of August issuance includes $50.876 billion of Ginnie Mae II MBS and $1.602 billion of Ginnie Mae I MBS, which includes $1.288 billion of loans for multifamily housing.

Ginnie Mae's total outstanding principal balance of $2.087 trillion is an increase from $1.995 trillion in August 2018.

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 mortgage-backed securities (MBS) programs directly support housing finance programs administered by the Federal Housing Administration, the Department of Veterans Affairs, the HUD 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