Turn on more accessible mode            

                Turn off more accessible mode            

                Skip Ribbon Commands            

                Skip to main content            

                Turn off Animations            

                Turn on Animations            

Sign In

<
More...
>

                            - Home                               - Issuers                                 - Program Guidelines
                                - APMs
                                - MBS Guide
                                - Digital Collateral Program
                                - Investor Reporting Manuals
                                - Notes & News
                                - Modernization Bulletins
                                - Supplemental Loan Level Forbearance File
                                - Issuer Tools
                                - Multiple Issuer Pool Numbers & CUSIPs
                                - Pool Dates Calendar
                                - Approved Issuers Directory
                                - Approved Digital Collateral Program Participants
                                - IOPP
                                - PIIT
                                - ARM Index Information
                                - Unclaimed Funds Search
                                - Issuer Training
                                - Announcements
                                - Tools and Resources
                                - Training Recordings
                                - Modernization Initiatives
                                - Third Party Providers
                                - Document Custodians
                                - Subservicers
                                - Systems & Applications
                                - MyGinnieMae Portal
                                - GinnieNET
                                - Pay.gov
                                - Multifamily Database Search
                                - Multifamily Database Download
                              - Investors                                 - Multiclass Resources
                                - Base Offering Circulars
                                - MPMs
                                - REMIC Monthly Calendar
                                - Multiclass Securities Guides
                                - Multiclass Securities Uploads
                                - Multiclass Fees Schedule
                                - Multiclass Participants
                                - What is a Sponsor?
                                - How to Become a Sponsor
                                - Approved Multiclass Participants
                              - Disclosure                                 - Disclosure Resources
                                - Bulletins
                                - Updates
                                - Disclosure Calendar
                                - Data Release Schedule
                                - Data Disclosure Reference 
                                - Layouts and Sample Files
                                - MBS/HMBS Prospectuses
                                - Offering Circular Supplements
                                - Terms of Data Use
                                - Disclosure Data
                                - Disclosure Data Download
                                - Disclosure Data History
                                - Multiclass REMIC & Platinum Data
                                - Disclosure Test File Download
                                - Disclosure Search Tools
                                - Disclosure Data Search
                                - Multifamily Search
                                - Tax & Factor Data Search
                                - Disclosure Plus
                                - Reports
                                - Monthly Issuance Reports
                                - Monthly UPB Reports
                                - REMIC Monthly Issuance
                                - Global Market Analysis Reports
                                - Disclosure Charts
                              - Research & Insights                                 - HAPS Blog
                                - Podcast
                              - Newsroom                                 - Our Newsroom
                                - Press Releases
                                - Events & Appearances
                                - Publications
                                - Media Resources
                                - Annual Reports
                              - About Us                                 - Who We Are
                                - Funding Government Lending
                                - Our Model & Platform
                                - Our Mission
                                - Our History
                                - Executive Leadership
                                - Offices
                                - Strategic Priorities
                                - What We Do
                                - Programs & Products
                                - Budget & Performance
                                - Procurement & Contracts
                                - Statutes & Regulations
                                - Environmental, Social, & Governance
                                - Careers
                                - How to Participate
                                - Becoming an Issuer
                                - Becoming a Document Custodian
                                - Becoming a Sponsor
                              - 2019 Ginnie Mae Summit

# PressReleaseDispPage

                    - Manage Homepage
                    - Newsroom                       - Our NewsroomCurrently selected
                      - Press Releases
                      - Research & Insights
                      - Events & Appearances
                      - Publications
                      - Media Resources
                      - Annual Reports
                      - Podcast

                          - Manage Homepage
                          - Newsroom                             - Our NewsroomCurrently selected
                            - Press Releases
                            - Research & Insights                               - HAPS Blog
                              - Podcast
                            - Events & Appearances                               - Videos
                              - Speeches
                              - Presentations
                            - Publications                               - Position Papers
                              - Stakeholder Letters
                              - Request for Input
                            - Media Resources                               - Media Kit
                              - Reports
                              - Brand Policy & Logo Usage
                            - Annual Reports
                            - Podcast                               - Annual Reports

|  |  |  |
|--|--|--|

Recipient field can not exceed 255 charactersRecipient email is a required fieldInvalid email format

From field can not exceed 75 charactersFrom email is a required fieldInvalid email format

Message field can not exceed 510 charactersMessage field can not exceed 510 characters

Please verify that you are not a robot

https://www.ginniemae.gov/newsroom/Pages/PressReleaseDispPage.aspx?ParamID=313

Message sent!

 ‭(Hidden)‬ Ginnie Mae Breadcrumb

                                - Newsroom Press ReleasesPress Release
Press Release​s​
Ginnie Mae Announces Actions to Modernize Manufactured Housing Program Contact: GinnieMaeCommunications@hud.govPublished Date: 2/29/2024 4:15 PM
WASHINGTON, D.C. – Today, in the All Participants Memorandum (APM) 24-01, Ginnie Mae announced modernizations to its Manufactured Housing Mortgage-Backed Securities (MH MBS) program in an effort to expand program participation and support additional liquidity for borrowers for manufacture housing. These enhancements are part of a comprehensive program review that considers the evolving risk environment since the last major program update in 2010. The changes were announced today in a White House factsheet delineating Biden-Harris administration actions to boost housing supply and lower housing costs, which build on the U.S. Department of Housing and Urban Development’s Strategic Plan to enhance the role of manufactured housing in the United States. 

Drawing from the results of the review and in partnership with the Federal Housing Administration’s (FHA) proposed Title 1 policy changes, Ginnie Mae is revising its issuer financial eligibility requirements in the Mortgage-Backed Securities Guide 5500.3 Rev-1 (MBS Guide) for both institutions seeking approval as Ginnie Mae Manufactured Housing Issuers (MH Applicants) and existing, approved Ginnie Mae MH issuers. These include revisions to the net worth and liquidity requirements that will go into effect on March 1, 2024, for MH applicants and on June 1, 2024, for existing MH issuers. 

 “Ginnie Mae plays a crucial role in supporting the financing of affordable housing supply, and manufactured housing is an important part of the solution,” said Ginnie Mae President Alanna McCargo in a statement​ released earlier today by the U.S. Department of Housing and Urban Development. “We’ve consulted the industry and worked closely with FHA to update and align our Title 1 eligibility requirements to support more financing in tandem with the vast improvements FHA is making to its program. Today’s announcement marks significant progress in expanding access to the secondary market for more Title I issuers and deploying more capital for manufactured housing lending going forward.” 

Ginnie Mae monitors performance and assesses risk on an ongoing basis and reserves the right to revise the financial requirements at its sole discretion at any time. 

For more information and resources regarding the ne****w MH MBS requirements, please refer to    APM-24-01. 

If you have any questions about the policy announced in this APM, please contact your Account Executive directly. 

Additional information about Ginnie Mae is available at    www.ginniemae.gov​ and on    X (formerly known as Twitter),    YouTube,    Facebook​, and    LinkedIn.

**About Ginnie Mae**

Ginnie Mae is an entirely government-owned 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 Security (MBS) programs directly support housing finance programs administered by the Federal Housing Administration, the U.S. Department of Veterans Affairs, the U.S. Department of Housing and Urban Development’s Office of Public and Indian Housing, and the U.S. Department of Agriculture’s Rural Housing Service. Ginnie Mae is the only MBS to carry the explicit full faith and credit of the United States Government. 

It looks like your browser does not have JavaScript enabled. Please turn on JavaScript and try again.Stay connected on what's happening in the government housing finance sector