Ginnie Mae
Compliance & Regulatory, Mortgage ServicesThe 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
Indiana senator seeks information on HECM stability, calls for ‘congressional scrutiny’
Mar 26, 2024The ranking member of the Senate Committee on Aging wants his concerns about the HECM and HMBS programs addressed by Ginnie Mae’s president.
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Ginnie Mae seeks budget increase to manage sizable reverse mortgage portfolio
Mar 18, 2024 -
Reverse mortgage professionals react to resignation of HUD Secretary Fudge
Mar 11, 2024 -
Ginnie Mae contends TCB can’t rely on alleged verbal promises in lawsuit
Mar 08, 2024 -
Congress passes spending bills to avoid shutdown, adds to Ginnie Mae budget
Mar 07, 2024 -
Reverse mortgage volume, securities issuance fall in February
Mar 06, 2024 -
Ginnie Mae implements swift cybersecurity incident reporting standards
Mar 05, 2024 -
Texas Capital Bank shoots back at Ginnie Mae over dismissal motion
Feb 23, 2024 -
HUD IG comments on inquiry into Ginnie Mae’s handling of RMF
Feb 22, 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