The new standards are a result of a collaboration between Ginnie and the Federal Housing Finance Agency to align rules for their counterparties. Most of the new standards take effect Sept. 30, 2023.

HUD wants to increase its outreach to community development financial institutions through more frequent training webinars tailored to teaching them how to join the FHA program.

Ginnie Mae wants to know how the agency and FHA can enhance their respective manufactured housing programs.

Seeking to further advance the Biden’s administration housing agenda, the White House’s proposed budget allocation includes $11.6 billion more for HUD in fiscal year 2023.

COVID-19-related circumstances were a factor for about 96% of the loans in forbearance in Ginnie MBS at the end of December.

Ginnie Mae and FHA continue to prepare for the impacts of a transition away from the London Interbank Offered Rate.

Ginnie Mae’s cash holdings increased in fiscal year 2021, marking the sixth consecutive year of growth. The agency, which is largely operated by contractors, said it has adequate capital to withstand a downturn in the housing market.

In its fiscal 2021 annual report, Ginnie Mae updated investors on moving its staff to work from home during the pandemic and how it can mitigate future risks through its environmental, social and governance efforts.

Federal oversight is still needed to monitor the systemic risks to the housing-finance system, according to two separate reports from the Government Accountability Office and the Congressional Budget Office.

On the industry wish list: better monitoring of prepayments and support for affordable housing to underserved markets.