Tamara Togans, Ginnie Mae’s Vice President of Enterprise Data Management will discuss the agency’s strategy for adoption of MISMO® data standards at the MISMO Winter Summit on January 13th. Adopting MISMO standards into Ginnie Mae’s single-family pool delivery dataset (PDD) is a top priority of the agency. MISMO adoption will expand upon Ginnie Mae mortgage-backed securities (MBS) modernization initiatives that increase agency efficiency, while reducing costs and complexity for Issuers participating in the government mortgage loan market.
“These are exciting times at Ginnie Mae as we expand our focus on technology adoption, improved data management and design, and program innovation throughout the agency,” said Togans. “MISMO adoption in the single-family business is the latest example.”
About Ginnie Mae
Ginnie Mae is a wholly owned government corporation that attracts global capital into the housing finance system to support homeownership for veterans and millions of homeowners throughout the country. Ginnie Mae MBS programs directly support housing finance programs administered by the Federal Housing Administration, the Department of Veterans Affairs, the Department of Housing and Urban Development’s Office of Public and Indian Housing and the Department of Agriculture Rural Housing Service. Ginnie Mae is the only MBS to carry the explicit full faith and credit of the United States government.
Ginnie Mae I MBS are modified pass-through mortgage-backed securities for which registered holders receive separate principal and interest payments on each of their certificates. Ginnie Mae I securities can include single-family, multifamily, manufactured home and project construction loans.
Ginnie Mae II MBS are modified pass-through mortgage-backed securities for which registered holders receive an aggregate principal and interest payment from a central paying agent. An Issuer may participate in the Ginnie Mae II MBS either by issuing custom, single-Issuer pools or through participation in the issuance of multiple-Issuer pools, which combine loans with similar characteristics.