Ginnie Mae Concentration Risk Oversight | Office of Inspector General, Department of Housing and Urban Development

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Title	Announced	Priority Area	Program Area	State
Ginnie Mae Concentration Risk Oversight	12/2024	Providing a Stable Housing Finance Platform		All

Summary

HUD OIG is conducting an audit of Ginnie Mae's portfolio and issuer oversight. According to a Ginnie Mae report issued in December 2024 , 88.97% of Ginnie Mae's approximately $2.6 trillion in guaranteed pooled loans are owned by 30 mortgage companies, of which 22 of them are nonbank institutions. Our audit objective is to assess Ginnie Mae's evaluation of nonbank issuer concentration risk.