| 12/7/2020 | | WASHINGTON, D.C. – Ginnie Mae mortgage-backed securities (MBS) continue to be a strong source of capital for America’s homeowners, with more than $76.2 billion of securities issued in November, the fifth consecutive month issuance topped $70 billion. November volume represents home financing for more than 274,000 households.
“ Historically low interest rates continue to drive home purchases and mortgage refinancing,” said Ginnie Mae Executive Vice President Eric Blankenstein. “As we enter a New Year, investors and Issuers can be sure that Ginnie Mae is focused on meeting the diverse product needs of investors and Issuers that keep capital flowing to millions of families each year.”
A breakdown of November issuance of $76.29 billion includes $72.43 billion of Ginnie Mae II MBS and $3.86 billion of Ginnie Mae I MBS, which includes $3.77 billion of loans for multifamily housing.
Ginnie Mae's total outstanding principal balance as of November 30 was $2.115 trillion, essentially flat with October 2020 and up from $2.111 trillion in November 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. |
| | 11/9/2020 | | WASHINGTON, D.C. – Ginnie Mae mortgage-backed securities (MBS) continue to be a strong source of capital for America’s homeowners, with more than $76.4 billion of securities issued in October, up from $75.8 billion in September and $60 billion one year ago. The volume represents home financing for nearly 277,000 households.
“This is a year that continues to set records for Ginnie Mae and the households we finance,” said Seth Appleton, Principal Executive Vice President. “Investors around the world are attracted to the liquidity and value of the only government guaranteed MBS and the role it plays in keeping housing accessible and affordable for millions of families each year.”
A breakdown of October issuance of $76.44 billion includes $72.49 billion of Ginnie Mae II MBS and $3.95 billion of Ginnie Mae I MBS, which includes $3.85 billion of loans for multifamily housing.
Ginnie Mae's total outstanding principal balance as of October 31 was $2.118 trillion, flat with September 2020 and an increase from $2.10 trillion in October 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. |
| | 10/14/2020 | | WASHINGTON, D.C. – More than 2.8 million households secured affordable homeownership and rental housing in the fiscal year that ended September 30, 2020 because of the record $748 billion in Ginnie Mae MBS issued in the year, fueled by historically low mortgage rates and strong demand for housing. Ginnie Mae, the largest source of mortgage liquidity for first-time homebuyers, delivered record breaking volume and financing its government guaranteeing and insuring partners: the Federal Housing Administration; U.S. Department of Veterans Affairs, U.S. Department of Agriculture and HUD’s Office of Public and Indian Housing. The previous record was $504 billion in 2017.
“2020 is a year that will stand out in the record books for Ginnie Mae,” said Seth Appleton, Principal Executive Vice President. “We attracted record capital to support affordable homeownership and rental housing opportunities for millions of American households, advanced key modernization initiatives, and responded swiftly to the COVID-19 National Emergency, all while operating in a remote environment. I am proud of and grateful for the tremendous contributions of the Ginnie Mae team who made these accomplishments possible.”
A breakdown of September issuance of $75.76 billion includes $72.24 billion of Ginnie Mae II MBS and $3.52 billion of Ginnie Mae I MBS, which includes $3.36 billion of loans for multifamily housing. For the fiscal year, $712.86 billion of Ginnie Mae II and $35.66 billion of Ginnie Mae I MBS were issued, including $30.74 billion in loans for multifamily housing.
Ginnie Mae's total outstanding principal balance at September 30 of $2.118 trillion is an increase from $2.093 trillion in September 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. |
| | 10/5/2020 | | WASHINGTON, D.C. – Ginnie Mae announced today that in coordination with the General Services Administration a 10-year, $140 million Cloud Services contract was awarded to team Deloitte (Prime), who partnered with AWS, JHC Technology and Bank NY Mellon.
The new contract will provide an improved path to meeting Ginnie Mae’s requirements, enabling consolidation of legacy platforms, improving availability, and providing more reliable, efficient, and higher quality services using cloud native solutions. This contract also provides a more modernized and centrally managed infrastructure platform integrated with leading edge cloud services, enhanced security, DevSecOps, monitoring, and service delivery across the entire Ginnie Mae application portfolio.
“This modernized cloud platform provides the infrastructure and application development environment to support the deployment of Ginnie Mae’s next generation of technology that is designed to maintain a strong mortgage-backed securities program for the government mortgage market,” said Barbara Cooper-Jones, Senior Vice President, Office of Enterprise Data and Technology Solutions.
Combined with the technology services contract recently awarded to MicroTech, this contract underscores Ginnie Mae’s commitment to building a more flexible, modern and cost- effective business that increases options for Issuers to meet the mortgage finance needs of homeowners, while protecting the American taxpayer.
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. |
| | 9/21/2020 | | WASHINGTON, DC – Ginnie Mae announced today restrictions on the pooling of adjustable-rate mortgages with rates indexed to the London Interbank Offered Rate (LIBOR). Details of the restrictions, which are effective with security issuances dated on or after January 1, 2021, are published in All Participants Memorandum 20-12 (APM. 20-12).
This guidance follows Ginnie Mae’s adoption of the recommendations of the Alternative Rates Reference Committee (ARRC) relating to fallback language for new issuances of LIBOR floating rate securities.
“These changes underscore Ginnie Mae’s commitment to managing risk and keeping the MBS program current with developments in the capital markets” said Executive Vice President Eric Blankenstein. “Ginnie Mae is fervent in our commitment to working with our program participants and other federal entities to fulfill our mission and ensure that capital continues to flow efficiently through our program to support the American housing system.”
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 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.
Multiclass Securities are structured mortgage-backed securities in which the cash flows from the underlying collateral consisting of Ginnie Mae I and II MBS are allocated to different bond classes having different maturities, coupons, and payment priorities. |
| | 9/9/2020 | | WASHINGTON, D.C. – Today, Ginnie Mae announced that issuance of its mortgage-backed securities (MBS) totaled an agency record of $77.62 billion in August, providing financing for more than 281,000 homeowners and renters.
A breakdown of August issuance includes $73.25 billion of Ginnie Mae II MBS and $4.38 billion of Ginnie Mae I MBS, which includes $4.11 billion of loans for multifamily housing.
Ginnie Mae's total outstanding principal balance of $2.121 trillion is an increase from $2.087 trillion in August 2019.
“The interest rate environment continued to be favorable for consumers purchasing and refinancing homes and for investors in affordable multifamily housing in August, demonstrated by the record-breaking volume of new Ginnie Mae MBS issuance in the month,” said Ginnie Mae Executive Vice President and Chief Operating Officer Eric Blankenstein. “Mortgage lenders across America are finding the Ginnie Mae program to be the reliable and flexible source of capital they need to help make housing affordable for hundreds of thousands of families each month.”
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.
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| | 8/10/2020 | | WASHINGTON, D.C. – Today, Ginnie Mae announced that issuance of its mortgage-backed securities (MBS) totaled an agency record of $70.04 billion in July, providing financing for more than 261,000 homeowners and renters.
A breakdown of July issuance includes $66.16 billion of Ginnie Mae II MBS and $3.88 billion of Ginnie Mae I MBS, which includes $3.69 billion of loans for multifamily housing.
Ginnie Mae's total outstanding principal balance of $2.118 trillion is an increase from $2.080 trillion in July 2019.
“As mortgage rates reached new all-time lows in July, and consumers moved to purchase new homes or refinance existing mortgages, Ginnie Mae was there to help them,” said Ginnie Mae Principal Executive Vice President Seth Appleton. “The record-breaking MBS volume that we saw in July is measured in dollars, but it also is measured by the many households who were for the first time able to take hold of the American Dream of homeownership.”
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. |
| | 7/16/2020 | | WASHINGTON, D.C. – Today, Ginnie Mae announced via All Participants Memorandum 20-10 (APM 20-10) that it has begun to implement the policy, technology, and operational capabilities necessary to accept electronic promissory notes and other digitized loan files as collateral for Ginnie Mae securities (Digital Collateral). As part of this initial phase, Issuers may apply to participate as eIssuers and begin securitizing government-backed mortgages comprised of Digital Collateral with Ginnie Mae approval.
Interested Issuers and Document Custodians may submit their applications individually or jointly. All applications to participate in this phase of the Digital Collateral Program must be submitted to Ginnie Mae via email at DCPA@hud.gov no later than August 15, 2020.
“This announcement is a major step for Ginnie Mae following two years of collaboration with industry stakeholders to develop the right set of policies that will lead to successful implementation of Digital Collateral in the government-backed industry segment,” said Ginnie Mae Principal Executive Vice President Seth Appleton. “Moreover, this is an important milestone that was recommended in the HUD "Housing Finance Reform Plan”
Ginnie Mae will begin reviewing applications on a rolling basis beginning on July 20, 2020. If approved, eIssuers and their eCustodian will need to complete a series of test eNote transactions with Ginnie Mae. Upon successful completion of the test transactions, Ginnie Mae will grant written eMortgage Issuance Authority, which will govern and limit the number of eMortgages (regardless of the principal balance associated with each loan) that may be securitized by that eIssuer during the initial phase of the Digital Collateral Program. There will be no costs associated with the provision of eMortgage Issuance Authority.
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. |
| | 7/10/2020 | | WASHINGTON, D.C. – Today, Ginnie Mae announced that issuance of its mortgage-backed securities (MBS) totaled $61.33 billion in June, providing financing for more than 231,000 homeowners and renters.
A breakdown of June issuance includes $58.22 billion of Ginnie Mae II MBS and $3.11 billion of Ginnie Mae I MBS, which includes $2.87 billion of loans for multifamily housing.
Ginnie Mae's total outstanding principal balance of $2.130 trillion is an increase from $2.076 trillion in June 2019.
“In June, Ginnie Mae continued to be the housing finance source that homeowners and renters rely on, helping more than 231,000 families secure safe and affordable housing,” said Ginnie Mae Principal Executive Vice President Seth Appleton. “MBS issuance in June exceeded $60 billion for the third consecutive month. Ginnie Mae’s report today illustrates that our program has the capacity and flexibility to align the capital needs of Issuers originating mortgages with investors around the world seeking high-quality assets, while minimizing risks to taxpayers.”
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. |
| | 6/29/2020 | | WASHINGTON, D.C. – Ginnie Mae announced today in All Participants Memorandum 20-07 (APM 20-07) that effective immediately implements pooling eligibility restrictions on re-performing mortgage loans that were bought out of Ginnie Mae pools. This temporary action continues to provide for buyout transactions that are appropriate and necessary, while maintaining market confidence in Ginnie Mae securities. For more information on the policy change, please see APM20-07 and Ginnie in Brief.
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 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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