The Government National Mortgage Association, or Ginnie Mae, is a U.S. government-owned corporation that resides within the U.S. Department of Housing and Urban Development (HUD). Its guaranty allows mortgage lenders to obtain a better price for their mortgage loans in the secondary mortgage market. The lenders can then use the proceeds of a sale of loans to fund new mortgage loans.
Ginnie Mae was founded with the signing of the Housing and Urban Development Act of 1968 signed into law by President Lyndon Johnson, and is headquartered alongside HUD in Washington, D.C.
Latest Ginnie Mae News
CHLA: Here’s how to modernize ‘short-changed’ Ginnie Mae
May 15, 2024The plan recommends a new liquidity facility for the government-owned company, more budget authority and added flexibilities for hiring.
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FSOC recommends more regulation and liquidity for nonbank servicers
May 13, 2024 -
Valverde appointed acting president of Ginnie Mae
May 10, 2024 -
Senator inquiring about HMBS program clinches gubernatorial nomination
May 08, 2024 -
McCargo appointed as CEO of FHLBank of San Francisco
May 08, 2024 -
CHLA president addresses various consumer protection measures
Apr 25, 2024 -
Ginnie Mae denies majority of complaint in Texas Capital Bank lawsuit
Apr 19, 2024 -
Ginnie Mae President Alanna McCargo to resign
Apr 19, 2024 -
Ginnie Mae expands its monthly single-family reporting
Apr 19, 2024 -
Former Ginnie Mae president reacts to lawmaker’s reverse mortgage securities letter
Apr 17, 2024
Ginnie Mae Content
Don’t let the upcoming Ginnie Mae stress tests stress you out
Jan 24, 2019 5:00 pmTen years after the housing and mortgage-market crash and subsequent reforms, there is renewed concern about the liquidity risk in the mortgage market and Ginnie Mae has suggested a series of stress tests they will be imposing on nonbank lenders in the near future. In this environment, lenders who take a proactive, rather than reactive, approach can sleep well at night knowing they are set for success in any market conditions.
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MERSCORP Holdings to host a second eMortgage Boot Camp Nov. 15
Oct 22, 2018 10:00 am -
Introducing credit risk-sharing to FHA loans
Apr 01, 2016 12:01 am