Ginnie Mae Launches New Environmental, Social and Governance Composite and Webpage
Industry Update
July 28, 2023
Source: Ginnie Mae
Ginnie Mae announced the addition of a new Environmental, Social, and Governance (ESG) webpage to the Ginnie Mae website, which provides details on the organization’s ESG strategy with a focus on the environmental and social impacts our MBS program offers to investors.
Ginnie Mae has also published its first monthly ESG composite for June 2023. This visual depiction of mortgage-backed securities (MBS) data allows Ginnie Mae to highlight the program’s positive impact and key ESG metrics for investors at a glance.
Ginnie Mae’s MBS program was established 55 years ago with a clear mission to support homeownership and affordable rental opportunities for all Americans, with a special focus on low- and moderate-income and historically underserved communities. The mortgage collateral underlying Ginnie Mae’s MBS program demonstrates the incredible reach and impact the agency has had on households across the United States. In light of the growing market and investor interest in sustainability and social impact investing opportunities, Ginnie Mae has focused on adding transparency and deeper data for investors and the public through its disclosure program.
“An investment in Ginnie Mae Mortgage-Backed Securities is an investment in the housing needs of the communities we and our government insuring agency partners serve,” said Ginnie Mae President Alanna McCargo. “Our new ESG composite outlines a clear composition of the borrowers and renters our program reaches, making the collective impact of government mortgage financing programs very clear at a glance.”
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