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Press Releases

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2/7/2024

Washington, D.C.—Ginnie Mae’s mortgage-backed securities (MBS) portfolio outstanding grew to $2.53 trillion in January, including $28.1 billion of total MBS issuance, leading to $10.8 billion of net growth.

January’s new MBS issuance supports financing for more than 91,000 households, including more than 46,000 first-time homebuyers. Approximately 77.6 percent of the January MBS issuance reflects new mortgages that support home purchases, because refinance activity remained low due to higher interest rates.

The January issuance includes $27.4 billion of Ginnie Mae II MBS and more than $674 million of Ginnie Mae I MBS, including nearly $558 million in loans for multifamily housing.

For the 2024 calendar year to date, Ginnie Mae supported the pooling and securitization of more than 46,000 first-time homebuyer loans.

For more information on monthly MBS issuance, unpaid principal balance (UPB), real estate investment conduit (REMIC) monthly issuance, and global market analysis, visit Ginnie Mae Disclosure. ​

Additional information about Ginnie Mae is available at www.ginniemae.gov and on X​ (formerly known as 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 a​​nd 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.

1/16/2024

WASHINGTON, D.C.—Today, Ginnie Mae announced that it is exploring development of a new securitization product as part of its efforts to enhance and expand its existing Home Equity Conversion Mortgage (HECM) mortgage-backed securities (HMBS) program.

In light of continued liquidity constraints in the reverse mortgage sector, Ginnie Mae is exploring the viability of a new securitization product that would accept HECM loans with balances above 98 percent of FHA’s Maximum Claim Amount (MCA). This new product will not change the requirements for the existing HMBS program, where HECM loans with balances at or above 98 percent MCA are required to be bought out of HMBS.

“Ginnie Mae remains committed to the HMBS program, which supports an important tool that enables seniors to tap into their home equity,” said Ginnie Mae President Alanna McCargo. “This potential product exploration reflects our focus on current liquidity issues affecting the secondary mortgage market. Given the growing population of older Americans that may need to rely on home equity for financial support, continued efforts to provide stability in the secondary market are crucial to the ongoing health and access to the FHA HECM product.”

Additional information about Ginnie Mae is available at www.ginniemae.gov​​ and on X (formerly known as 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.

1/11/2024

Washington, D.C.—Ginnie Mae’s mortgage-backed securities (MBS) portfolio outstanding grew to $2.52 trillion in December, including $28.7 billion of total MBS issuance, leading to $13 billion of net growth. December’s new MBS issuance supports the financing of nearly 95,000 households, including more than 47,000 first-time homebuyers. Approximately 76.3 percent of the December MBS issuance reflects new mortgages that support home purchases because refinance activity remained low due to higher interest rates.

The December issuance includes $27.6 billion of Ginnie Mae II MBS and nearly $1.02 billion of Ginnie Mae I MBS, including approximately $902 million in loans for multifamily housing.

For the 2023 calendar year to date, Ginnie Mae supported the pooling and securitization of more than 620,000 first-time homebuyer loans.

For more information on monthly MBS issuance, Unpaid Principal Balance (UPB), real estate investment conduit (REMIC) monthly issuance, and global market analysis, visit Ginnie Mae Disclosure.

Additional information about Ginnie Mae is available at www.ginniemae.gov and on X (formally known as 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.

12/8/2023
​Washington, D.C.—Ginnie Mae’s mortgage-backed securities (MBS) portfolio outstanding grew to $2.51 trillion in November, including $31.7 billion of total MBS issuance, leading to $18 billion of net growth. November’s new MBS issuance supports the financing of nearly 105,000 households, including 53,000 first-time homebuyers. Approximately 76.5 percent of the November MBS issuance reflects new mortgages that support home purchases because refinance activity remained low due to higher interest rates.

The November issuance includes $30.9 billion of Ginnie Mae II MBS and more than $810 million of Ginnie Mae I MBS, including approximately $660 million in loans for multifamily housing.

For the 2023 calendar year to date, Ginnie Mae supported the pooling and securitization of more than 570,000 first-time homebuyer loans.

For more information on monthly MBS issuance, Unpaid Principal Balance (UPB), real estate investment conduit (REMIC) monthly issuance, and global market analysis, visit Ginnie Mae Disclosure​.

Additional information about Ginnie Mae is available at www.ginniemae.gov and on X (formally known as 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.

12/8/2023

WASHINGTON, D.C.— Today, in All Participants Memorandum (APM) 23-14, Ginnie Mae announced the implementation of the new monthly financial reporting form via the Mortgage Bankers Financial Reporting Form (MBFRF) portal.

With the substantial increase in mortgage originations from non-depository lenders, the new MBFRF Short Form is intended to evaluate Issuers’ financial soundness and strength. “The adoption of the Mortgage Banking Financial Report Form Short Form is a critical step towards counter party financial transparency,” said Ginnie Mae President Alanna McCargo. “This enhancement advances our work in managing risk and ensuring the Ginnie Mae MBS ecosystem is ​sustainable and stable, through all economic conditions and market cycles.”

For more information and resources regarding the MBFRF Short Form implementation, please refer to APM-23-14.

Additional information about Ginnie Mae is available at www.ginniemae.gov​ and on X (formally known as 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.

12/7/2023

WASHINGTON, D.C.—Today, Ginnie Mae published its Annual Financial Report for fiscal year 2023, which highlights its financial performance and accomplishments from the past year, and its plans and approaches for strengthening the U.S. housing finance market and supporting affordable and equitable housing opportunities for all Americans.

As the report demonstrates, during fiscal year 2023, Ginnie Mae supported more than 1.2 million households, including underserved communities, first-time homebuyers, servicemembers, and veterans. Mortgage-backed security (MBS) issuance topped $404 billion, and the Ginnie Mae MBS outstanding reached another historic high of $2.476 trillion.

“I am impressed with our financial results and the incredible impact Ginnie Mae has had on millions of American households, even in the face of a challenging housing market,” said Ginnie Mae President Alanna McCargo. “As the Annual Report shows, we continue to manage an incredibly complex program, numerous risks, and continued growth with strength and precision, and we are managing a number of emerging risks in the housing market with incredible efficiency. I am very proud of our outstanding team for continuously delivering results for the American people during a time when housing affordability has been greatly challenged.”

The 2023 Annual Financial Report demonstrates the progress made toward the strategic plan and, more importantly, the strong risk management, governance, and operational discipline that ensures the Ginnie Mae program continues to deliver strong and stable results for issuers, investors, and American taxpayers.

To read the Annual Report and learn more about Ginnie Mae’s impressive accomplishments and business highlights during the past year, please visit this page​.

Additional information about Ginnie Mae is available at www.ginniemae.gov and on X (formally known as 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.


11/30/2023

​​Washington, D.C.—Today, in Multiclass Participants Memorandum (MPM) 23-03​, Ginnie Mae announced an optional early closing date for multiclass transactions beginning in December 2023. This option will allow sponsors to close transactions either on the Closing Date specified on the Ginnie Mae REMIC monthly calendar available on Ginnie Mae's website or on the Business Day immediately preceding such specified Closing Date (an "early Closing Date").

Those sponsors choosing an early Closing Date must notify Ginnie Mae no later than the Final Structure Date and be aware that document delivery requirements outlined in the Ginnie Mae Multiclass Securities Guide (the “Guide”) will apply equally to the early Closing Date. All other transaction dates on the REMIC calendar will remain the same, regardless of the type of Closing Date chosen.

For information on capitalized terms used herein, but not defined, refer to the Guide currently in effect, found on the Ginnie Mae website here

Please call Ginnie ​Mae’s Office of Capital Markets at (202) 475-7820 with any comments or questions regarding this announcement.

Additional information about Ginnie Mae is available at https://www.ginniemae.gov and on X (formerly known as Twitter), YouTube, Facebook and LinkedIn.

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.

​​​

11/29/2023
WASHINGTON, D.C.—Today, in All Participants Memorandum (APM) 23-13, Ginnie Mae announced revisions to its definition of High Balance Loans. These revisions align with the increased conforming loan limits recently announced by the Federal Housing Finance Agency (FHFA).

Under the new definition, effective for pools or loan packages submitted on or after January 1, 2024, a “High Balance Loan” is defined as a single-family forward mortgage loan with an original principal balance (minus the amount of any up-front mortgage insurance premium) that exceeds the following limits:


​​​​Maximim Loan Amounts (net of any financed MIP or Guaranty Fee)
​ ​
​Units
​Contiguous 48 States, District of Columbis, American Samoa, and Puerto Rico
​Alaska, Hawaii, Guam, and the U.S. Virgin Islands
​1
​$766,550
​$1,149,825​​
​2
​$981,500
​$1,472,250
​3
​$1,186,350
​$1,779,525
​4
​$1,474,400
​$2,211,600
 ​

High Balance Loans are eligible for Ginnie Mae mortgage-backed securities (MBS), subject to the restrictions detailed in Ch. 9, Part 2, § B and Ch. 24 Part 2, § A(1) of the Mortgage-Backed Securities Guide 5500.3, Rev-1.

​​For more information, please refer to APM 23-13​.

Additional information about Ginnie Mae is available at https://www.ginniemae.gov and on X (formerly known as Twitter), YouTube, Facebook and LinkedIn.

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.​

​​

11/9/2023

WASHINGTON, D.C.—Today, Ginnie Mae issued All Participants Memorandum (APM) 23-12. The APM discusses the December 1, 2023, deadline for the complete transition of all Single Family and Manufactured Housing Program pooling to the new Single Family Pool Delivery Module (SFPDM) in MyGinnieMae, and the establishment of SFPDM as the sole application for this type of pooling going forward.

As part of this transition and further modernization of the Mortgage-Backed Securities (MBS) programs, the APM also outlines the discontinuation of paper pooling options for Single Family and Manufactured Housing Issuers. The MBS Guide has been revised to incorporate these updated policies and operational requirements.

“I am pleased to announce this final milestone of the SFPDM transition as part of our ongoing modernization and business transformation initiative,” said Ginnie Mae President Alanna McCargo. “The timely and successful completion of this enhancement is due to the combined efforts of the Ginnie Mae staff and our partners in the Issuer community, and I thank all of them for their work.”

For more information and resources regarding the SFPDM transition and the MBS Guide changes, please refer to​ APM 23-12.

Additional information about Ginnie M​ae is available at https://www.ginniemae.gov and on X​ (formerly known as 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.

11/7/2023

Washington, D.C.—Ginnie Mae’s mortgage-backed securities (MBS) portfolio outstanding grew to $2.492 trillion in October, including $33.8 billion of total MBS issuance, leading to $15 billion of net growth. October’s new MBS issuance supports the financing of nearly 110,000 households, including 53,000 first-time homebuyers. Approximately 75 percent of the October MBS issuance reflects new mortgages that support home purchases, because refinance activity remained low due to higher interest rates.

The October issuance includes $32.5 billion of Ginnie Mae II MBS and more than $1.3 billion of Ginnie Mae I MBS, including approximately $1.2 billion in loans for multifamily housing.

For the 2023 calendar year to date, Ginnie Mae supported the pooling and securitization of more than 520,000 first-time homebuyer loans.

For more information on monthly MBS issuance, Unpaid Principal Balance (UPB), real estate investment conduit (REMIC) monthly issuance, and global market analysis, visit Ginnie Mae Disclosure.

Additional information about Ginnie Mae is available at www.ginniemae.gov and on X (formally known as 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.

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Last Modified: 8/13/2021 11:26 PM