CU Opportunity: Learn About an Underutilized Homebuyer Program in “Ginnie Mae 101” on Feb. 22

Posted by Katy Wagnon on February 14, 2023

The National Credit Union Administration and the Government National Mortgage Association will co-host a Feb. 22 webinar, “Ginnie Mae 101” – which is the primary Federal Agency supporting first-time homebuyer programs through U.S. Dep. of Agriculture Rural Housing, FHFA, VA, and more.

The no-cost webinar will cover topics such as Ginnie Mae’s business model, mortgage-backed securities programs, and partnership opportunities. Representatives from Navy and Kinecta federal credit unions will discuss the benefits of working with Ginnie Mae. Topics will include:

• Ginnie Mae’s mission and core programs;
• The guaranty of timely payments of scheduled principal and interest due investors;
• The Ginnie Mae MBS framework that allows issuers to pool loans and loan packages for an MBS that carries the guaranty; and
• Online resources about Ginnie Mae programs and how credit unions can participate.

Registration for this event is open now, and is scheduled to begin at noon MT / 11 a.m. PT and last approximately 90 minutes. Participants will be able to log into the webinar and view it on their computers or mobile devices using the registration link. They should allow pop-ups from this website.

Participants can submit questions during the presentation or in advance by emailing [email protected]. The email’s subject line should read, “Ginnie Mae 101.” Please email technical questions about accessing the webinar to either [email protected] or [email protected]. For other webinar questions, please contact [email protected].

The webinar will be closed captioned and archived on the NCUA’s Learning Management System approximately one week following the live event.

About Ginnie Mae

Ginnie Mae is an entirely government-owned corporation that attracts global capital into the housing finance system to support homeownership for veterans and millions of homeowners throughout the country. Ginnie Mae mortgage-backed security (MBS) programs directly support housing finance programs administered by the Federal Housing Administration, the U.S. Department of Veterans Affairs, the U.S. Department of Housing and Urban Development’s Office of Public and Indian Housing, and the U.S. Department of Agriculture’s Rural Housing Service. Ginnie Mae is the only MBS to carry the explicit full faith and credit of the United States Government.

Posted in Across the Region, Financial Education, Top Headlines.