Ginnie Mae

Compliance & Regulatory, Mortgage Services

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

Ginnie-Mae-head-Sam-Valverde-about-the-HECM-and-HMBS-reverse-programs.

Sam Valverde to resign from Ginnie Mae

Nov 15, 2024By Chris Clow

Sam Valverde, current acting president of Ginnie Mae, will step down effective Nov. 30, when Gregory Keith, current SVP and chief risk officer, steps in.

Ginnie Mae allows for risk-based capital relief to issuers that hedge MSRs

Nov 07, 2024By Chris Clow
Key reverse mortgage metrics saw an uptick in October even as business remains lukewarm

Nov 04, 2024By Chris Clow
NRMLA asks HUD to extend reporting timetable for cybersecurity incidents

Nov 01, 2024By Chris Clow
Sam Valverde on Ginnie Mae priorities, leadership differences and more

Oct 31, 2024By Chris Clow
Judge denies Texas Capital Bank motion for summary judgment in Ginnie Mae dispute

Oct 21, 2024By Chris Clow
HMBS portfolio continues to pose ‘significant risk’ to HUD, internal report finds

Oct 17, 2024By Chris Clow
Sam Valverde on Ginnie Mae’s reverse activity and HMBS 2.0

Oct 16, 2024By Chris Clow
Ginnie Mae’s Sam Valverde on the mission of the reverse securities program

Oct 08, 2024By Chris Clow
Reverse mortgage leaders praise FHA engagement, back-end improvements

Oct 07, 2024By Chris Clow

Ginnie Mae Content

Don’t let the upcoming Ginnie Mae stress tests stress you out

Jan 24, 2019 5:00 pmBy Michael McFadden

Ten 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.