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| 12/19/2025 | |
WASHINGTON, D.C.— The United States Senate has confirmed Joseph Gormley as President of Ginnie Mae National Mortgage Association (Ginnie Mae). Gormley previously served as Ginnie Mae's Executive Vice President (EVP) and Chief Operating Officer (COO) since April 2025. As part of the Department of Housing and Urban Development (HUD), Ginnie Mae ensures liquidity for housing programs that serve first-time homebuyers, low- and moderate-income borrowers, rural home borrowers, tribal home borrowers and veteran home borrowers across the country. “I'm delighted at Joe's confirmation," said HUD Secretary Scott Turner. “His continued leadership at the helm of Ginnie Mae along with his deep expertise will be invaluable as we work to support affordable housing opportunities and economic revitalization across the country." “I am grateful for the trust that President Trump and Secretary Turner have placed in me," said Gormley. “I look forward to continuing to deliver on Ginnie Mae's mission to help more Americans realize the dream of homeownership." As President, Gormley will lead the agency's mission to connect the U.S. housing market with global capital markets, helping to provide low-cost financing for federal housing programs and make affordable housing more accessible to millions of Americans. He brings considerable experience in housing finance, policy, and regulation, and has consistently championed market-based solutions to expanding affordable homeownership and improving economic outcomes for families nationwide. Prior to joining Ginnie Mae, Gormley served in several senior roles at HUD, including Deputy Assistant Secretary for Single Family Housing at the Federal Housing Administration and Chief of Staff to the Deputy Secretary. Beyond HUD, he held roles at the Independent Community Bankers of America, as well as at the Mortgage Bankers Association and the Financial Industry Regulatory Authority. As EVP and COO, Gormley led Ginnie Mae's strategic initiatives, core operations, and risk-management efforts, strengthening the organization's ability to deliver its programs effectively and responsibly.
Gormley's confirmation reinforces the Trump administration's focus on Ginnie Mae ensuring a stable and resilient housing finance system. His experience and vision will be integral in advancing the agency's mission to provide stability and affordability nationwide. Additional information about Ginnie Mae is available at
www.ginniemae.gov and on
X (formerly Twitter),
YouTube,
Facebook, and
LinkedIn.
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| 12/16/2025 | | Washington, D.C. - Ginnie Mae’s mortgage-backed securities (MBS) portfolio outstanding reached $2.86 trillion as of November 2025. In addition, Ginnie Mae issued $54.8 billion in total MBS, resulting in net portfolio growth of $20.8 billion. Ginnie Mae facilitated the pooling and securitization of more than 660,000 loans for first-time homebuyers year to date.
Key highlights from the November issuance include:
- $52.4 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 154,000 American households, including over 56,000 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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| 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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