Secondary Market

Ginnie Mae has published a new Memorandum announcing that it will transition all outstanding LIBOR Classes of Ginnie Mae Multiclass Securities after June 30.

The GSE transfers a combined $926 million of mortgage credit risk to private insurers and reinsurers in its latest two CIRTs as it continues to reduce taxpayer risk by increasing the role of private capital in the mortgage market.

GSE names former PricewaterhouseCoopers Partner to its Board of Directors, bringing financial management and reporting, risk management, and business strategy expertise to his new role.

Amid tumult in the securities market after last week’s disintegration of Silicon Valley Bank, the GSE informs investors it has postponed sale of mortgage bonds.

Through transaction of $11.8 billion in single-family loans, Fannie Mae continues its effort to reduce taxpayer risk by increasing the role of private capital in the mortgage market.

Stepping up its Environmental, Social, and Governance (ESG) efforts, Ginnie Mae is providing greater transparency into its pools for investors through new LMI disclosure.

According to the National Consumer Law Center, when the GSEs sell loans to private investors it can cause borrowers to lose protections to keep them out of foreclosure.

Marking the 35th anniversary of its DUS platform, the GSE continues to support its mission to provide access to affordable housing nationwide.

With this new announcement, Ginnie Mae continues its commitment to issuers that maintain the strength and liquidity of the government mortgage market.

Fannie Mae and Freddie Mac have changed their upfront fee structure to strengthen their safety and soundness by enhancing their ability to improve their capital position over time.