Securitized Transaction Financial Advisor

The Government National Mortgage Association (Ginnie Mae) is a wholly owned corporate instrumentality of the United States within the Department of Housing and Urban Development (HUD).  Its authority is prescribed generally by Title III of the National Housing Act, as amended (12 U.S.C. 1716 et seq.).  Through its single-class and multiclass Mortgage-Backed Securities (MBS) Programs, Ginnie Mae guarantees privately issued securities backed by pools of mortgages insured or guaranteed by the Federal Housing Administration (FHA), the Department of Veterans Affairs (VA), the Department of Agriculture's Rural Development (RD) Program, or HUD's Native American Program (PIH).  Holders of these MBSs receive a monthly "pass-through" of principal and interest payments on the pool of mortgages backing the securities, less amounts to cover servicing costs and certain Ginnie Mae fees.  Ginnie Mae guarantees the registered holder timely payment of scheduled monthly principal and interest payments, loan prepayments and early recoveries of principal on the underlying mortgages.  If borrowers fail to make timely payments on their mortgages, the Issuers must make the timely payments to the registered holders, using their own resources.

Through its Multiclass Securities and MBS Programs, Ginnie Mae provides a structure for channeling funds from the nation's capital markets into the housing market. Multiclass securities products include Real Estate Mortgage Investment Conduit (REMIC) Securities and Platinum Securities.  The U.S. Government's full faith and credit guaranty backing the securities makes them widely accepted in those sectors of the capital markets that otherwise would not be likely to supply funds to the mortgage market.  The funds received through the sale of the securities are used to make residential and other mortgage loans.  Through this process, the program serves to increase the overall supply of credit available for housing and helps to ensure that credit is available at reasonable interest rates.

 This contract will contribute toward the Ginnie Mae Program by providing highly complex securitized mortgage, mortgage derivative, and mortgage related product expertise to ensure that Ginnie Mae designs, develops and issues new Ginnie Mae securities that are favorably received by the market and significantly contribute towards Ginnie Mae's mission to support expanded affordable housing in America by providing an efficient government-guaranteed secondary market vehicle linking the capital markets with Federal housing markets.

Ginnie Mae requires a contractor that shall provide for full service capital markets guidance and expertise on executing and operating Ginnie Mae's Multiclass Securities Program.