This program provides liquidity in the market that in turn lowers costs for borrowers. Ginnie Mae's Manufactured Housing Program provides a guarantee for mortgage loans insured by FHA for the purchase of a new or used manufactured home. To access the Multifamily Program Frequently Asked Questions (FAQ's) page, please click Rather, Ginnie Mae is the guarantor of securities issued by approved lenders who participate in our programs. Unlike other entities, Ginnie Mae does not originate or invest in mortgage loans directly. There were RD loans from eleven Issuers in 49 states in Ginnie Mae pools by the end of FY 2022. The number of Multifamily RD programs became more diverse in FY 2022 than in previous years as new Issuers entered the program. Department of Agriculture's (USDA) RD program. These loans are guaranteed through the U.S. In addition, Ginnie Mae's portfolio of Multifamily Rural Development (RD) loans grew in FY 2022 to an outstanding principal balance of $1.68 billion at fiscal year-end.
The Multifamily Program portfolio increased by 4 percent ($5.7 billion), from $136.1 billion at the end of FY 2021, to $141.8 billion at the end of FY 2022 marking 28 years of consecutive growth. In addition, these projects stabilize and bring jobs to communities across the country. By guaranteeing pools of multifamily loans that are sold to investors in the global capital markets, Ginnie Mae enables lenders to reduce mortgage interest rates paid by property owners and developers. A critical part of that effort is facilitating the construction and renovation of multifamily housing such as apartment buildings, hospitals, nursing homes, assisted-living facilities, and other housing options. Ginnie Mae's mission of supporting affordable housing and promoting stable communities extends to ensuring that decent rental units remain accessible. Since the creation of the program in 1971, the organization has guaranteed nearly $450 billion in multifamily mortgage-backed securities. Safe and affordable rental housing is essential for millions of individuals and families. Approved Digital Collateral Program Participants.
Supplemental Loan Level Forbearance File.
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