Skip to main content

Ginnie Mae MBS Issuance Crosses the $27 Billion Mark in August

NationalMortgageProfessional.com
Sep 16, 2011

Ginnie Mae has announced that it has guaranteed more than $27.7 billion in mortgage-backed securities (MBS) in August. Issuance for Ginnie Mae II single-family pools led the way with over $17.75 billion, while Ginnie Mae I single-family pools totaled nearly $7.67 billion. Issuance for the Ginnie Mae Home Equity Conversion Mortgage-Backed Security (HMBS) was $844 million. Total single-family issuance for August was more than $26.26 billion. Ginnie Mae’s multifamily MBS issuance was over $1.50 billion. “Ginnie Mae’s continued high level of issuance activity provides liquidity to the marketplace and reflects the confidence our investors have in our mortgage-backed securities,” said Ginnie Mae President Ted Tozer. “Through our partnerships with investors and lenders, Ginnie Mae leverages private capital to make homeownership opportunities available across the nation.” 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).
Published
Sep 16, 2011
Home Partners Of America Launches Choice Lease Program

Home Partners of America launched its Choice Lease program aimed at addressing the affordable housing crisis and mortgage access challenges, that are faced by low-to-moderate-income families and underrepresented communities.

Industry News
Jan 17, 2022
KBRA Assigns Preliminary Ratings To OBX 2022-NQM1 Trust

Kroll Bond Rating Agency assigned preliminary ratings to six classes of mortgage pass-through notes from OBX 2022-NQM1 Trust, a $556.7 million non-prime RMBS transaction.

Non-QM
Jan 17, 2022
Zillow: Black Mortgage Applicants Denied 84% More Often Than White

Zillow recently analyzed data from the Home Mortgage Disclosure Act and found that Black mortgage applicants are denied a mortgage 84% more often than white applicants.

Analysis and Data
Jan 13, 2022
Mortgage Economic Review January 2022

The Mortgage Economic Review is a monthly summary of Key Economic Indicators, Data, and Events pertinent to Mortgage and Real Estate Professionals.

Analysis and Data
Jan 13, 2022
Fairway Independent Mortgage Corp. Puts Employees' Health First

Fairway Independent Mortgage continues to allow its employees to choose whether to return to the office or not.

Industry News
Jan 12, 2022
First American Agrees To Acquire Mother Lode Holding Co.

Acquisition would expand First American’s footprint in 11 states

Industry News
Jan 12, 2022