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Ginnie Mae, Stalwart of Mortgage Market, Squeezed by DOGE

Summary by Bloomberg
Elon Musk has found yet another target in Washington: Ginnie Mae, a stalwart of the nation’s home mortgage market.

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OC RegisterOC Register

Ginnie Mae, stalwart of mortgage market, squeezed by DOGE

The relatively small agency actually turns a profit and might have trouble doing its job.

·Orange County, United States
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BloombergBloomberg

Ginnie Mae, Stalwart of Mortgage Market, Squeezed by DOGE

Elon Musk has found yet another target in Washington: Ginnie Mae, a stalwart of the nation’s home mortgage market.

·United States
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HousingWireHousingWire

DOGE takes its chainsaw to Ginnie Mae

Rumors of large-scale staffing cuts at Ginnie Mae are spooking Wall Street and the housing industry, who fear potential repercussions to the mortgage-backed securities market. Mortgage lenders and developers are reportedly working their contact lists in Washington, D.C. to try and protect the company from the cuts already imposed by the U.S. DOGE Service, the government cost-cutting effort inside the White House led by the world’s richest man, E…

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Bloomberg broke the news in United States on Friday, February 21, 2025.
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