In a housing finance system that includes a government guarantee, private capital that stands in the “first loss” position plays an important role in reducing the risk of taxpayer losses.
The Government National Mortgage Association (or Ginnie Mae) is a government corporation within the U.S. Department of Housing and Urban Development (HUD). It was established in 1968 when Fannie Mae was privatized. Its mission is to expand funding for mortgages that are insured or guaranteed by other federal agencies. When these mortgages are bundled into securities, Ginnie Mae provides a full-faith-and- credit guarantee on these securities, thus lessening the risk for investors and broadening the market for the securities.
The secondary market for mortgages plays a critical role in sustaining a healthy housing market. Few homebuyers have sufficient savings to purchase a home outright, and many need to borrow money to buy their first home or to move to another one.
On October 30, 2013, the Bipartisan Policy Center and Intel Corporation hosted a forum to explore the potential for big data innovation to improve homeland security, current and future challenges to overcome, and policy principles that will encourage innovation while safeguarding privacy and security in our increasingly connected society. This event is part of the ongoing Innovation Economy conversation convened by Intel in 2009, focused on the vital role of innovation in sustaining and building upon U.S. competitiveness in the global economy.
On June 25, 2013, the BPC's Health Innovation Initiative held a policy forum in collaboration with Intel to explore the potential that “big data” holds to improve both the delivery of care and the health and wellness of individuals.
AEIC supports consistent and growing authorizations for public investments in innovation generally and in energy R&D specifically. We know that investments in the Advanced Research Projects Agency-Energy (ARPA-E) and in American scientific endeavors are critical to U.S. competitiveness in energy technology and will drive future economic growth. We support the aims of the 2007 America COMPETES legislation and its 2010 reauthorization, and we urge you to continue on the path previously set by these bipartisan efforts.