Ginnie Mae

Happy Independence Day! Let's celebrate the freedom and opportunities that make homeownership possible for millions of Americans. #IndependenceDay #4thofJuly #GinnieMae

Ginnie Mae’s June edition of the Global Markets Analysis Report is now available. This month highlights the impact that increased homeowner's insurance rates have on homeowners in the aggregate, specifically a subset of geographic regions that are more likely to be impacted by natural disasters.     As of the end of May 2024, year-to-date Agency Net Issuance was $54.8B. This issuance supported financing for over 4,339,849 first-time homebuyers and 3,264,679 loans to low-to-moderate income borrowers. Ginnie Mae continues to play a crucial role in expanding credit access to LMI borrowers, dominating high loan-to-value lending. From March 2024 to May 2024, 71.56 percent of its issuances had LTVs of 95 or above.     To download a copy of the May GMAR, please visit: https://ow.ly/Fz5950Su0Sb. 

Ginnie Mae released its Progress Report "Expanding Access for Community-Based Lending Institutions" outlining the organization's commitment to broadening housing finance availability for underserved participants & expanding access to Ginnie Mae programs. To learn more, visit: https://ow.ly/fUiH50SsKLw.

Today, Ginnie Mae announced a term sheet for its proposed Home Equity Conversion Mortgage (HECM) Mortgage-Backed Securities (HMBS) 2.0 program, which seeks to address liquidity constraints in the reverse mortgage sector by providing a new capital markets execution for older vintage HECMs. Effective today, Ginnie Mae is establishing a comment period for Issuers and other industry participants to provide feedback on the HMBS 2.0 term sheet. Please submit all comments to GinnieMaeHMBS@hud.gov before the close of business on July 31, 2024. “Ginnie Mae remains committed to supporting the government reverse mortgage market and we will work swiftly to address input received as we work to implement the program.” -Ginnie Mae Acting President Sam Valverde The new HMBS 2.0 program, described in more depth in our blog Ginnie Mae Announces New Pool Type to Improve HECM MBS Liquidity, seeks to address liquidity constraints in the reverse mortgage sector by providing a new capital markets execution for older vintage HECMs. To learn more, read the full blog: https://ow.ly/uaTj50SrjrJ.

This National Homeownership Month, we are steadfast in our commitment to making the dream of homeownership a reality for more Americans, especially first-time buyers and those historically underserved by the traditional mortgage market. This month also marks the 90th anniversary of the Federal Housing Administration (FHA), which has played a crucial role in modernizing the mortgage system. Collaborating with FHA ensures homeownership remains accessible and a cornerstone of the American dream. Ginnie Mae is dedicated to innovating and collaborating to foster a thriving housing market that offers opportunities for all. As National Homeownership Month comes to an end, the focus remains on expanding access to affordable housing and empowering families to build a secure future. ����🏠 Read our latest blog post to learn more about our initiatives and how we are shaping the future of housing: https://ow.ly/52sc50Sl1bJ. #NationalHomeownershipMonth #GinnieMae #AffordableHousing #FinancialStability #GenerationalWealth #HousingInnovation

NEW 📢 Vice President Harris and Acting Secretary Todman announced the first-ever awards through HUD's PRO Housing program to support affordable housing production, preservation, and lowering housing costs for communities across the nation. #PROHousing 🏠

“We'd love to see a public conversation around these issues that really ties issuer and servicer liquidity to access to credit, and to the sustainability of that credit,” said Sam Valverde, acting president of Ginnie Mae. #housing #policy

Ginnie Mae’s May Social Impact and Sustainability Composite summary is now available! As of May 2024, we proudly supported: • 🏢 1.316 million apartment homes • 🏥 492,442 healthcare living units • 🏡 Financing for over 4,339,849 first-time homebuyers • 💵 3,264,679 loans to low-to-moderate income borrowers This composite highlights how Ginnie Mae’s securitization uniquely contributes to making homeownership more affordable, accessible, and equitable for all Americans. 🌟 Learn more: https://ow.ly/Po4e50Snp4B.

This National Homeownership Month, we are committed to making the dream of homeownership a reality for more Americans, especially first-time buyers and those historically underserved by the traditional mortgage market. We're proud of our achievements, which include issuing 3.2 million loans to low- and moderate-income borrowers and facilitating nearly 800,000 loan modifications for borrowers facing difficulties. But we're not stopping there. We're constantly innovating and collaborating to ensure a thriving housing market that fosters opportunity for all. This includes initiatives like our digital collateral program and collaboration with the FHA to support manufactured housing. Read our latest blog post to learn more about our initiatives and how we are shaping the future of housing: https://ow.ly/52sc50Sl1bJ. #NationalHomeownershipMonth #AffordableHousing #GinnieMae

🏡🌟 Celebrating National Homeownership Month 🏠✨ Did you know that over 500,000 individuals experience homelessness in the United States each night? As we honor the dream of owning a home this month, let's also shine a light on the importance of affordable housing and supporting those in need. Together, let’s work towards creating more opportunities for stable, secure housing for all. 💙🔑 #HomeownershipMonth #AffordableHousing #EndHomelessness 🌟