Skip to main content

Ginnie Mae MBS Issuance Tops $26 Billion in April

NationalMortgageProfessional.com
May 24, 2011

Ginnie Mae has announced that it has guaranteed more than $26.4 billion in mortgage-backed securities (MBS) in April. Issuance for Ginnie Mae II single-family pools totaled more than $17.85 billion in April. Issuance for the Ginnie Mae I single-family pools topped $5.91 billion and issuance for the HECM MBS (HMBS) was more than $1 billion in April. Total single-family issuance for April was more than $24.79 billion. Ginnie Mae’s multifamily MBS issuance was over $1.6 billion. “The continuing demand for our MBS is proof that Ginnie Mae has served taxpayers well by supporting the economy in extraordinary ways,” said Ginnie Mae President Ted Tozer. “Issuance activity during the housing crisis has helped the Administration’s housing stability efforts by pumping about $1.1 trillion in liquidity into the U.S. housing mortgage finance market.” Ginnie Mae raises capital from investors in the global credit markets to ensure liquidity for affordable rental and homeownership opportunities across the country. Through its MBS, Ginnie Mae finances housing mortgage programs run by the Federal Housing Administration (FHA), the U.S. Department of Veterans Affairs (VA), the Office of Public and Indian Housing (PIH), and the Department of Agriculture’s Rural Development Housing and Community Facilities Program (RD).
Ocwen Financial To Acquire Reverse Mortgage Servicing Platform

Ocwen Financial Corporation's wholly-owned subsidiary, PHH Mortgage Corporation will acquire RMS' reverse mortgage servicing platform.

Industry News
Jun 18, 2021
UniteCT Emergency Rental Assistance Succeeds

Thanks to the successful launch of the UniteCT program, emergency rental assistance funds are helping Connecticut residents maintain housing.

Industry News
Jun 17, 2021
Angel Oak Mortgage Announces Initial Public Offering

Angel Oak Mortgage announced its initial public offering of 7,200,000 shares of its common stock at $19 per share.

Industry News
Jun 17, 2021
Mortgage Apps Rebound After Three Consecutive Weeks Of Declines

The Mortgage Bankers Association reported the first increase in mortgage applications after a three consecutive weeks on declines.

Industry News
Jun 17, 2021
CFPB New Rule Prevents Predatory Lending To Military Service Members

The CFPB stipulates its authority to examine supervised financial institutions for risk to active duty servicemembers and their dependents.

Industry News
Jun 16, 2021
Inventory Begins A Slow Recovery

Inventory grew 3.9% from April to May, according to Zillow's latest Market Report, after a year of steady decline.

Industry News
Jun 16, 2021