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
ChainLogix Appoints New Vice President, Operations

Jeryl Graham hired to accelerate growth in title & mortgage services.

Industry News
Oct 15, 2021
JPMorgan Chase To Commit $8.4M To Improve Household Stability For The Underserved

JPMorgan Chase announced six organizations that will receive philanthropic capital as part of the firm’s $400 million five-year commitment to improve housing affordability and stability for Black, Hispanic and Latino, and other underserved households.

Community
Oct 15, 2021
SRE Mortgage Alliance 'Restructuring & Reorganizing'

7 p.m. UPDATE: Owner of technology-based wholesale residential mortgage lender in El Segundo to determine organization's future.

Wholesale
Oct 15, 2021
Ginnie Mae Issued Record MBS Volume In FY2021

The record $939 billion issued included nearly $73 billion in September.

Industry News
Oct 14, 2021
UWM Completes Test Of Cryptocurrency Mortgage Payments

United Wholesale Mortgage evaluated and accepted the first-ever cryptocurrency mortgage payment in September and an additional five payments in October from borrowers.

Industry News
Oct 14, 2021
Arvielo Re-Appointed To HUD Advisory Committee

Nationwide mortgage lender New American Funding’s Co-Founder and President Patty Arvielo has been re-appointed to serve on the U.S. Department of Housing & Urban Development's Housing Counseling Federal Advisory Committee.

Industry News
Oct 13, 2021