WASHINGTON, D.C. - Nearly 800 industry partners, housing finance experts and government officials will join Ginnie Mae from June 13 to 14 to explore modernization in the housing finance industry at the 2019 Ginnie Mae Summit. The two-day event in Washington, D.C. will focus on topics including counterparty risk, program modernization and housing policy.
"The 2019 Ginnie Mae Summit will feature real-time insights about how we're thinking about the business, particularly how it ties to Ginnie Mae 2020," said Acting President Maren Kasper. "At the Summit, we are going to be transparent in ways that we never have been before. It's an exciting time for everybody to get a real understanding of how we're thinking about the present and planning for the future."
The fifth Ginnie Mae Summit takes place as the organization, and the housing finance industry as a whole, is in the process of modernizing their platforms. This was outlined in the Ginnie Mae 2020 white paper, which will be a major focus of the event.
Currently, Ginnie Mae's outstanding unpaid principal balance exceeds $2 trillion dollars, making Ginnie Mae the second-largest source of residential finance in the U.S. In the wake of these accomplishments, the 2019 Ginnie Mae Summit is an opportunity to bring the mortgage finance industry together – from lenders and document custodians to policymakers and industry analysts – to ensure success continues for all program participants.
"In many cases when there are industry events, Issuers will meet on their own, investors will meet on their own, other stakeholders will meet in different forums," added Kasper. "By contrast, the Ginnie Mae Summit is a very unique chance for everybody to be in the same room at the same time. Not only that, but Ginnie Mae gets to spend two days talking about what's most important to us – and, therefore, what's most important to our stakeholders."
Educational breakout sessions will also provide an in-depth look at Ginnie Mae's business, and the mortgage finance industry as a whole, from a variety of perspectives. Speakers will include leadership from the U.S. Department of Housing and Urban Development, the Mortgage Bankers Association, the Urban Institute and more.
For more information on the event, please click here.
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 mortgage-backed securities (MBS) programs directly support housing finance programs administered by the Federal Housing Administration (FHA), Office of Public and Indian Housing (PIH), the U.S. Department of Veterans Affairs’ (VA), the U.S. Department of Agriculture’s (USDA) Rural Development Housing, and Community Facilities Programs and Rural Development Guaranteed Rural Rental Housing Program (RD).