Gormley said Ginnie Mae is working with the Mortgage Bankers Association and the Housing Policy Council on the effort.

Issuance of Ginnie Mae mortgage-backed securities increased by 3.5% on a monthly basis in January.

The agencies agreed to implement four recommendations from the Government Accountability Office.

The total FHA delinquency rate hit 11.86%, the third-highest reading in the past decade.

VA refi issuance was the highest since the fourth quarter of 2021.

Mortgage rates declined slightly in the government-insured market after the Trump administration directed Fannie Mae and Freddie Mac to purchase a combined $200 billion in agency mortgage-backed securities.

Volume with primary MI was up sharply in the fourth quarter of 2025 at both the government-sponsored enterprises and the Department of Veterans Affairs, while FHA volume lagged to some extent.

Ginnie President Joe Gormley said the update allows for greater efficiencies and cost savings, and will make the agency’s digital collateral program more attractive to new issuers.

Issuance of agency mortgage-backed securities increased by 10.8% on an annual basis to $1.235 trillion in 2025.

Some 69.8% of mortgages originated during the third quarter of 2025 were securitized.