A Lapse in Appropriation Will Not Impact Ginnie Mae’s Core Functions

VoM News Desk | October 2, 2025 | 05:09 AM IST | Breaking News, Business, World | Follow on Google News

A Lapse in Appropriation Will Not Impact Ginnie Mae’s Core Functions

Washington, D.C. — Ginnie Mae plays a critical role in the secondary mortgage market, providing stability and liquidity, and maintaining the overall health of the economy. As such, Ginnie Mae will continue to perform all functions necessary to ensure that the market is not disrupted during a potential lapse in appropriations.

These functions include granting of commitment authority, support for continued issuance of Ginnie Mae Mortgage-Backed Securities (MBS) (including related Pools Issued for Immediate Transfer (PIIT)) and Real Estate Mortgage Investment Conduits (REMIC), taking all actions necessary to ensure timely payment of principal and interest to investors, and continuing to manage servicing of extinguished Issuer portfolios.

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Single-family and multifamily loans will continue to remain eligible for securitization even in the event of a potential lapse in appropriations, so long as they meet requirements for insurance/guaranty of the insuring/guaranteeing agency when they are pooled and are in the process of being insured or guaranteed.

VoM News Desk

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