Skip to main content

HUD issues Mortgagee Letter regarding Project Lifeline, FHA foreclosure timeframes

Jan 25, 2009

Ginnie Mae MBS issuance reaches $24 billion: Government corporation continues to provide stability to the marketMortgagePress.comGinnie Mae, Government National Mortgage Association, Mortgage-Backed Securities, MBS, Joseph J. Murin The Government National Mortgage Association (Ginnie Mae) has announced that issuances for its Mortgage-Backed Securities (MBS) program hit $24 billion in December 2008. For calendar year 2008, Ginnie Mae MBS issuances stand near $270 billion, compared to $97 billion for calendar year 2007. While California led in this month's issuance, the total issuance of $24 billion was comprised of: • $6.1 billion from the West • $4.2 billion from the Midwest • $5.1 billion from the Mid-Atlantic • $7.5 billion from the South • $1.1 billion from the Southwest "Even during tough economic times, consumers need mortgages, lenders need liquidity for those mortgages and investors need a safe harbor for their investments," said Joseph J. Murin, president of Ginnie Mae. "Ginnie Mae is proud to be that safe harbor. We are continuing to do our part to help rebuild the housing market and housing finance industry that is so vital to our nation's economy." For more information, visit
About the author
Jan 25, 2009
More Questions Than Answers At Housing Finance Climate Summit

Government officials, housing leaders, and climate scientists meet to address climate change's escalating impact on housing.

Apr 22, 2024
Maximum Acceleration, Originator Connect Network Sign Exclusive CE Agreement

Pact gives OCN guaranteed live CE at shows, creates nationwide opportunity for Maximum Acceleration

Apr 17, 2024
CMG Acquires Norcom Mortgage's Retail Side

The 25-branch addition will enhance CMG’s northeastern presence from Maryland to Maine.

Apr 12, 2024
CFPB Weighs Title Insurance Changes

The agency considers a proposal that would prevent home lenders from passing on title insurance costs to home buyers.

NEXA Begins Search For New CFO

NEXA CEO retires the president position after Mat Grella's termination.

Apr 01, 2024
Co-Founder Mat Grella Terminated From NEXA

NEXA CEO Kortas states negotiations regarding the buyout will continue.

Mar 27, 2024