What is Ginnie Mae's mission?

Ginnie Mae's mission is to promote affordable housing and assist in the stability and affordability of the U.S. housing market. It accomplishes this by guaranteeing mortgage-backed securities (MBS) backed by federally insured or guaranteed loans, such as those issued by the Federal Housing Administration (FHA), Department of Veterans Affairs (VA), and Rural Housing Service (RHS). Ginnie Mae facilitates the flow of capital into the housing market by securitizing these loans and providing guarantees to investors, ensuring liquidity and access to affordable mortgage financing for homeownership and rental housing. By enabling lenders to bundle and sell these loans as MBS to investors, Ginnie Mae helps expand credit availability and supports the government's efforts to promote homeownership and provide affordable housing opportunities for all Americans.