Skip to main content

Ginnie Mae Guaranteed More Than $39.13 Billion in July

NationalMortgageProfessional.com
Aug 22, 2013

Ginnie Mae announced that it guaranteed more than $39.13 billion in mortgage-backed securities (MBS) in July 2013. “Ginnie Mae continues to provide leadership to the U.S. housing market,” said Ginnie Mae President Ted Tozer. “Highlighted by the strong performance of our MBS issuance programs, we remain focused on providing liquidity and stability to the secondary mortgage industry.” More than $33.6 billion in Ginnie Mae II single-family pools were issued in July, while Ginnie Mae I single-family pools totaled nearly $3.37 billion. Issuance for the Ginnie Mae Home Equity Conversion Mortgage-Backed Securities (HMBS), included in Ginnie Mae II single-family pools, was $796 million. Total single-family issuance for July was $36.96 billion. In addition, Ginnie Mae’s multifamily MBS issuance reached $2.16 billion for the month. 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 insurance programs run by the Federal Housing Administration (FHA), the 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
Aug 22, 2013
Rocket Arms Brokers With Bully Shield Vs. UWM

Rocket covers penalties and court fees for brokers who want to get out of United Wholesale Mortgage’s ultimatum contract. 

Industry News
Feb 06, 2023
Top Texas Originator Sees No Surrender To 2023

Big cities will determine the battle

Industry News
Jan 26, 2023
There’s Good & Bad News On The Horizon

There will be a real estate slump, but the big cities are coming out much better

Industry News
Jan 26, 2023
Housing Prices Across Texas Likely Hobbled In 2023

But you’re getting a lot less for $1 million

Industry News
Jan 23, 2023
UWM Adds 'Control Your Price' To 'Game On' Pricing

New program provides 125 basis points in price enhancements for loan orignators.

Industry News
Jan 11, 2023
Rocket Pro TPO Relieves Brokers Of Credit Fee Burden

Will provided free credit reports to brokers if they get their loan closed with the Detroit lender.

Industry News
Jan 10, 2023