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Ginnie In Brief

Posts by Michael R. Bright | View All Blog Posts
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by Michael R. Bright | 8/30/2018

​This is a test training session post.

Enhancing counterparty risk management strengthens the government mortgage loan market
by Michael R. Bright | 8/13/2018

Ensuring that investors who own Ginnie Mae mortgage-backed securities will get paid their principal and interest on time is a top priority for us. At Ginnie Mae, we dedicate significant energy and focus to evolving our approach to counterparty risk management in order to safeguard the government guaranty we provide and to protect our investors.

In the following video interview, Ginnie Mae EVPs Michael Bright and Maren Kasper discuss:

  • Why risk management matters,
  • Ginnie Mae’s risk management tools such as CorporateWatch and the Issuer Operational Performance Scorecard (IOPP), and
  • The need for all market participants to have “skin in the game” when it comes to better managing counterparty risk for all participants.

To further your understanding of how Ginnie Mae is enhancing its counterparty risk management, read Pillar II of the Ginnie Mae 2020 report.

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by Michael R. Bright | 5/21/2018

For the past 50 years, Ginnie Mae has provided countless Americans, including veterans, first-time homebuyers, and low- and moderate-income borrowers the opportunity for homeownership. We have played an integral role in expanding housing opportunity for Americans by bringing global capital to the U.S. housing market and maintaining stability and liquidity through all market cycles.

But – maybe understandably – many people don’t have a good sense of how this process works. So, to broaden public understanding of who Ginnie Mae is, what we do and how we do it, we’re pleased to release Ginnie at 50. This paper provides insights into our:

  • 50-year history,
  • Mission,
  • Business model, and
  • Six core functions.

We’ve come a long way since 1968, and will continue to evolve and modernize our platform, programs and products to ensure we’re fully-equipped for our current mission, and able to step up to any role policymakers may task our agency with in the future. So, please keep an eye out in the coming weeks for a complementary paper that addresses the other side of our story; where Ginnie Mae is headed in the future as we continue evolving to meet the needs of the dynamic housing finance marketplace.

In the meantime, we encourage you take a few minutes to read Ginnie at 50. Having done so, you will have a better grasp of one of the lesser understood, yet most important and durable pillars in the U.S. housing finance system.

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by Michael R. Bright | 5/21/2018

Welcome to Ginnie In Brief, our channel to expand understanding of the broader housing finance system that benefits us all, and to update the marketplace on happenings within our organization. Our intention is to comment on timely Ginnie Mae or industry news whenever we believe our readers would benefit from us doing so. We expect to have meaningful content to contribute at least twice monthly, but it could be less or more, as events determine. And over time, you can expect various forms of media on Ginnie In Brief, including written posts, infographics, images, data sheets, and video commentary. We intend to share our posts across all our social media channels, too.

One reason we think it will be helpful for us to publish here is that the leadership team at Ginnie Mae meets regularly with the many issuers, investors, policymakers and partners who use or monitor our platform every day. We use these conversations to better understand the needs of the stakeholders we serve, and to make sure they are aware of the latest information and insights coming from Ginnie Mae.

These in-person sessions have been so well received that we feel it would be helpful to a variety of audiences for us to extend similar information to our global stakeholders. That’s why we’re excited to introduce the Ginnie In Brief blog. We hope you benefit from these initial posts, and get in the habit of reading the content we publish.