Ginnie Mae Provides a Single Security and a

Ginnie Mae Provides a Single Security and a Reliable Platform that Levels the Playing Field Ginnie Mae’s relevance is evidenced $1. 7 Outstanding Ginnie Mae in its steady, increased growth and Trillion Securities; over 10 million loans its share of the secondary mortgage market. 433 Approved Issuers Net income of $2. 2 billion in 2015. Pumping new money into economy. 0. 06% guaranty fee – unchanged 2 million people have benefitted in FY 2015 alone $912 Net income of $912 million in Million each of the last five years $22 Billion P & I Paid to Investors Monthly $436 billion of MBS in FY 2015; 38 Billion percent of market. 136 Current Staffing Level 0

Ginnie Mae MBS Outstanding Surges, Post Financial Crisis Feb-16 42 Years to Reach $1 Trillion then to $1. 66 in Six Years $1. 66 trillion $ (Billion) $1 600 $1 400 $1 200 Historic trend of growth 2007 -2016 $1 000 $800 $600 $400 $200 де к- 9 де 0 к 9 де 1 к 9 де 2 к 9 де 3 к 9 де 4 к 9 де 5 к 9 де 6 к 9 де 7 к 9 де 8 к 9 де 9 к 0 де 0 к 0 де 1 к 0 де 2 к 0 де 3 к 0 де 4 к 0 де 5 к 0 де 6 к 0 де 7 к 0 де 8 к 0 де 9 к 1 де 0 к 1 де 1 к 1 де 2 к 1 де 3 к 1 де 4 к 15 $0 Unpaid Principal Balance (UPB) 1

Composition of Ginnie Mae MBS Issuance Volume FY 2010 Depositories Non-Depositories 18% 82% FY 2010 SF Issuance Volume: $413 B FY 2016 YTD Depositories Non-Depositories 29% 71% FY 2016 YTD SF Issuance Volume: $164 B Ginnie Mae Issuers are responsible for servicing the securities & the loans backing them; in the case an original Issuer sells servicing to another 2 entity, the new entity takes on all obligations of the original Issuer.

Ginnie Mae MBS Outstanding Volume Continues to Grow Agency MBS Outstanding in Billions* January 2016: $2, 825 B $3 000 Fannie Mae Freddie Mac Ginnie Mae $2 500 $2 000 January 2016: $1, 745 B $1 500 February 2016: $1, 662 B $1 000 $500 $0 фев-05 фев-06 фев-07 фев-08 фев-09 фев-10 фев-11 фев-12 фев-13 фев-14 Sources: Fannie Mae and Freddie Mac monthly reports; Ginnie Mae data includes HECMs *Data for Fannie and Freddie are available up to January 2016. Data for Ginnie Mae is available up to February 2016. фев-15 фев-16

Ginnie Mae Model of Risk Distribution LOSSES Last Dollar Loss Ginnie Mae Moves Servicing Corporate Resources of Issuer/Servicer $ First Dollar Loss Government Agency Insurance Homeowner Equity Relative Loss Position 4