"Total MBS issuance for fiscal year 2025 reached $526.4 billion, driving a 7.2% year-over-year increase in Ginnie Mae's outstanding portfolio. The portfolio grew by $190.9 billion to more than $2.8 trillion at the end of September, according to the report. The continued strong demand for the Ginnie Mae MBS program creates affordability for the American people, said Scott Turner, secretary of the U.S. Department of Housing and Urban Development (HUD)."
"Ginnie Mae reported strong operational results and received an unmodified audit opinion for the sixth consecutive year. It manages a growing portfolio backed by programs from the Federal Housing Administration (FHA), the Department of Veterans Affairs (VA), the Department of Agriculture's Rural Development program, and HUD's Office of Public and Indian Housing. Ginnie Mae's work in fiscal year 2025 reflects a clear focus on our mission of ensuring access to affordable mortgage credit, Ginnie Mae President Joseph Gormley said."
"By strengthening operations, enhancing cybersecurity, and maintaining disciplined risk management, we reinforced market confidence and attracted global capital to support affordable lending for American homeowners in every market environment. The association also advanced modernization, cybersecurity and transparency initiatives by expanding the adoption of digital collateral through its internal program. Ginnie Mae said that it surpassed its fiscal year goals with more than 300,000 eNotes securitized and $84.4 billion in issuance by August 2025."
Ginnie Mae's borrowers include first-time homebuyers, veterans, seniors, and urban, rural and tribal residents. Total MBS issuance for fiscal year 2025 reached $526.4 billion, increasing Ginnie Mae's outstanding portfolio. The portfolio grew by $190.9 billion to more than $2.8 trillion. Strong demand for the Ginnie Mae MBS program supports affordability for American homebuyers. Ginnie Mae reported strong operational results and received an unmodified audit opinion for the sixth consecutive year. Securities are backed by FHA, VA, USDA Rural Development, and HUD public housing. Ginnie Mae securitized over 300,000 eNotes and issued $84.4 billion by August 2025.
Read at www.housingwire.com
Unable to calculate read time
Collection
[
|
...
]