The Government National Mortgage Association is a giant in the
American housing industry. A pioneer of the secondary mortgage
market, only Ginnie Mae provides the full faith and credit
guarantee of the United States for mortgage-backed securities.
Since 1970, it has helped make homeownership possible for more
than 26.8 million low- and moderate-income American families.
Ginnie Mae also is committed to the industry and the
community.
Following the events of September 11, 2001, it
provided uninterrupted service to the mortgage industry, and
timely assistance to issuers for interest rate buy downs and loan
buyouts for individuals and military personnel affected by the
tragedy. Because it is integral to the success of HUDs mission, we
are proud of Ginnie Maes accomplishments, its service, and
unblemished record of financial management.
Mel Martinez
Secretary
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G i n n i e M a e A n n u a l R e p o r t 2 0 0 1