Skip to main content

Ginnie Mae Guarantees Nearly $40 Billion in MBS in April

NationalMortgageProfessional.com
May 16, 2013

Ginnie Mae announced that it has guaranteed more than $39.95 billion in mortgage-backed securities (MBS) in April 2013. Issuance for Ginnie Mae II single-family pools led the way with more than $31.20 billion, while Ginnie Mae I single-family pools totaled nearly $8.75 billion. Issuance for the Ginnie Mae Home Equity Conversion Mortgage-Backed Security (HMBS), included in Ginnie Mae II single-family pools, was $972 million. Total single-family issuance for March was $37.81 billion. In addition, Ginnie Mae’s multifamily MBS issuance reached $2.146 billion for the month. “Our monthly issuance has not dropped below $30 billion in more than one year, proving the importance of the Ginnie Mae MBS as a secondary market financing vehicle,” said Ginnie Mae President Ted Tozer. “Ginnie Mae continues to fill the void in the housing financing industry that was left by the exit of the private.”  
Published
May 16, 2013
CFPB Issues Guidance On AI In Credit Underwriting

Creditors must provide specific and accurate reasons for credit denials, even with complex AI models.

Sep 19, 2023
Intercontinental Exchange Completes Black Knight Acquisition; Births Dark Matter Technologies Under Constellation Software

Rich Gagliano takes the helm at Dark Matter Technologies, poised to lead the future of Empower LOS with a 1,300-strong team, blending startup agility with decades of industry experience.

Sep 18, 2023
FHFA Invites Public Engagement On Modernized Credit Score Transition

Stakeholder forums and listening sessions planned to ensure seamless rollout; extended timeline for bi-merge credit report requirement in play.

Sep 11, 2023
Desperation Drives Difficulty in Closing Mortgages in California

Analysis reveals California among top 20 toughest states for mortgage closures.

Sep 11, 2023
If You Build It, They Will Come

Ratings will go a long way toward growing the market for home equity-backed securities

Sep 07, 2023
Investors May Be Losing Interest In The Single-Family Rental Market

Rise in interest rates, drop in values have them pulling back in certain regions

Sep 07, 2023