Since our inception 50 years ago, we have proven ourselves to be a durable mainstay of the U.S. housing finance system, and the past decade at Ginnie Mae has been one of historic growth and change. Our market share has risen to a peak of 31 percent in recent years – up from just 4 percent in 2005 – and we are now the second largest guarantor of MBS, measured by securities outstanding. To keep pace with our expanded role in the housing finance system, we continue to explore new ways to meet the evolving needs of the mortgage market.
To educate the marketplace about the many ways Ginnie Mae is modernizing its platforms, programs and products in the coming years, Ginnie Mae is pleased to release Ginnie 2020 [anchor link]. A companion paper to Ginnie at 50, this paper will build on our 50-year history with a particular focus on our modernization efforts of the past seven years. It outlines our modernization efforts across three pillars of strategic focus to Ginnie Mae:
- Our mortgage-backed securities program and platform,
- Standards for managing counterparty risk, and
- Organizational innovation.
In addition to exploring these three pillars of change that will take us into the next decade and beyond, this paper discusses milestones Ginnie Mae plans to achieve by the year 2020.
Since 1968, Ginnie Mae has been flexible and stable enough to survive all market conditions, and we will continue this track record of success as we modernize and explore opportunities for innovation.
We encourage you to read Ginnie 2020 [anchor link] to learn more about Ginnie Mae’s modernization goals through 2020, and for decades to come.