What is the purpose of Ginnie Mae?
Ginnie Mae’s mission is to expand affordable housing by linking global capital markets to the nation’s housing markets. Ginnie Mae achieves its mission by guaranteeing investors the timely payment of principal and interest on their MBS. Bundling mortgage loans into MBS makes it easier to sell large groups of them in the secondary market. The ability of lenders to package these loans into securities for sale to investors worldwide enables the lender to then use the proceeds to make more mortgage loans. Repeating this cycle increases the availability, accessibility and affordability of mortgage funds for more Americans and provides a save, secure and liquid investment for investors. Since its creation, Ginnie Mae has helped more than 32 million families achieve the dream of homeownership, guaranteeing over $2.6 trillion of MBS.
Ginnie Mae’s mission is to expand affordable housing by linking global capital markets to the nation’s housing markets. Ginnie Mae achieves its mission by guaranteeing investors the timely payment of principal and interest on their MBS. Bundling mortgage loans into MBS makes it easier to sell large groups of them in the secondary market. The ability of lenders to package these loans into securities for sale to investors worldwide enables the lender to then use the proceeds to make more mortgage loans. Repeating this cycle increases the availability, accessibility and affordability of mortgage funds for more Americans and provides a save, secure and liquid investment for investors. Since its inception, Ginnie Mae has guaranteed approximately $3.3 trillion in MBS, providing access to affordable housing for millions of low- and moderate-income Americans and creating homeownership opportunities in every U.S.
