Ginnie Mae - Government National Mortgage Association

07/25/2024 | Press release | Distributed by Public on 07/25/2024 07:39

Ginnie Mae Fosters Strategic Housing Finance Engagements in Mexico City

WASHINGTON, D.C.-This week, senior leadership from Ginnie Mae and the U.S. Department of Housing and Urban Development (HUD) are conducting a multi-day engagement to Mexico City. The itinerary includes co-hosting and leading an important regional housing finance roundtable, sharing vital U.S. policy insights at a housing policy forum, and meeting with key organizations and stakeholders from these sectors.

Building on the success of the inaugural U.S.- Latin America Investor Roundtable in March, Ginnie Mae co-hosted the Latin America and Caribbean Housing Finance Roundtable in collaboration with the Inter-American Development Bank (IDB) on Wednesday, July 24th. The event, held at the Bolsa Mexicana de Valores, brought together investors, leading housing finance experts, and distinguished attendees from throughout the region. Discussions focused on the challenges and opportunities for the sustainable, affordable housing market. The roundtable featured two panels: Global Demand for Mortgage-Backed Securities: An International Perspective and Green Bonds and Financing for Sustainable Development: Best Practices from Around the Region. These panels provided a forum for attendees to share insights and international perspectives on work that must be done to close the housing gap and ways in which enhanced housing finance initiatives can translate into improved housing opportunities for all.

Roundtable panelists and participants included leaders from organizations such as AMAMFORE, Bank of America, the Canada Mortgage and Housing Corporation, Fannie Mae, HSBC, the Mexican Association of Banks, IDB Invest, Infonavit, MSCI, Santander, and Vinte. Special guest speakers included Roman Meyer Falcón, Mexican Secretary of Agrarian, Land, and Urban Development; Jorge Alegría, Chief Executive Officer of BMV; and Solomon Greene, Principal Deputy Assistant Secretary (PDAS) of Policy Development and Research for HUD.

While in Mexico City, Ginnie Mae's senior staff is also conducting meetings with regional and international financial institutions, investors, and leaders in the housing sector. In addition, later today, HUD PDAS Greene and Ginnie Mae Senior Vice President for the Office of Capital Markets John Getchis will join the IDB Third Regional Housing Forum as panelists and subject matter experts for two different panels. During the Alternative Solutions for Resilient and Inclusive Housing to Address the Housing Deficit panel, Mr. Getchis will share insights on Ginnie Mae's platform and the positive impact the agency has on creating liquidity for loans for low- and moderate-income borrowers. PDAS Greene will speak on the critical work the Biden-Harris Administration has implemented to address housing affordability in the U.S. during the New Financial Tools to Facilitate the Acquisition and Renovation of Housing for Vulnerable Groups panel.

"Engagements like these are crucial for exchanging ideas with our international peers and expanding the global footprint of Ginnie Mae investors," said Ginnie Mae Acting President Sam Valverde. "By bringing together investors and thought leaders from around Latin America, we can listen to the market, develop relationships, and drive a conversation about how the capital markets can efficiently deliver social impact."

Ginnie Mae Latin America and Caribbean Housing Finance Roundtable Briefing Book

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 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 U.S. Government.

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