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 president addresses various consumer protection measures
Apr 25, 2024A late-breaking CFPB announcement quickly expanded the scope of a session with CHLA’s Taylor Stork at The Gathering.
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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 to issue new pool-level disclosure in HMBS program
Apr 12, 2024 -
Ginnie Mae warns issuer partners about faster prepayments
Apr 05, 2024 -
Judge allows bulk of Texas Capital case against Ginnie Mae to proceed
Apr 04, 2024 -
Indiana senator seeks information on HECM stability, calls for ‘congressional scrutiny’
Mar 26, 2024 -
Ginnie Mae seeks budget increase to manage sizable reverse mortgage portfolio
Mar 18, 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