this second annual ginnie mae summit. about six other people.ff registration because of the space constraint. some of the very special guests who have come all the way to be with us today. if you could rise as technology. [applause] i think y'all know as we do is a very important time in the finance industry. a market and the stakes are very high. banks are not lending like these to. for the next couple of days you will hear a lot about how ginnie mae is adapting to make sure there are guarantees that we will continue to have a successful story. the things you will hear over the next few days will revolve around a transformation, partnership, and opportunity. the first transformation is all around us today will release a white paper that outlines our views on the crucial issues we're facing today. partnerships, each used to use it. that makes a difference. the third thing is an opportunity. in is becoming elantra or for our keynote speaker. it is an honor to introduce to you this morning. we can work together to create opportunity, but we need l

almost every loan today originated today either goes to fannie mae, freddie mac, or into ,ne of the ginnie mae programs fha, veterans administration program, or rural housing. government guarantees play a big role in financing housing because there is trepidation about coming back into the u.s. markets. there is some question there, but the question is what to do with fannie mae and freddie mac. several pieces of legislation have been introduced on the hill to reform them, perhaps mine them down and create new entities. that is a very active debate. the senate banking committee had a bipartisan bill that they voted to the committee as a majority which would have reformed freddie mac and fannie mae into some sort of new entity. that debate will take some time in washington. ultimately, that will need to be resolved. host: what is the difference between fannie mae and freddie mac? today.very little they were originally created as parts of the different parts of the financial system. they both guarantee mortgages and those are put into mortgage-backed securities and sold globally. watchersure the

almost every loan today originated today either goes to fannie mae, freddie mac, or into ,ne of the ginnie maerograms fha, veterans administration program, or rural housing. government guarantees play a big role in financing housing because there is trepidation about coming back into the u.s. markets. there is some question there, but the question is what to do with fannie mae and freddie mac. several pieces of legislation have been introduced on the hill to reform them, perhaps mine them down and create new entities. that is a very active debate. the senate banking committee had a bipartisan bill that they voted to the committee as a majority which would have reformed freddie mac and fannie mae into some sort of new entity. that debate will take some time in washington. ultimately, that will need to be resolved. host: what is the difference between fannie mae and freddie mac? today.very little they were originally created as parts of the different parts of the financial system. they both guarantee mortgages and those are put into mortgage-backed securities and sold globally. watchersure the a