Ginnie Mae MBS Outstanding Increases to $2.101 Trillion

Nov 13, 2019

Ginnie Mae has announced that issuance of its mortgage-backed securities (MBS) totaled $60.046 billion in October, providing financing for more than 229,000 homeowners and renters.

A breakdown of October issuance includes $57.450 billion of Ginnie Mae II MBS and $2.596 billion of Ginnie Mae I MBS, which includes $1.737 billion of loans for multifamily housing.

Ginnie Mae's total outstanding principal balance of $2.101 trillion is an increase from $2.019 trillion in October 2018.

About the author

NationalMortgageProfessional.com

Link copied

Published

Nov 13, 2019

Tech

ServiceLink Enhances Its Digital Closing Solution

EXOS Close allows lenders and borrowers to choose ‘when, where, and how’ they close

Digital mortgage services provider, ServiceLink, announced enhancements to its EXOS Close technology designed to provide more flexibility for lenders and borrowers using the technology to schedule their closings. Enhancements include new options for online and in-branch c...

Analysis and Data

Moody’s Downgrades Fannie And Freddie Following U.S. Sovereign Credit Cut

Outlooks for both GSEs revised from negative to stable

Moody’s has downgraded the long-term senior unsecured debt ratings of Fannie Mae and Freddie Mac to Aa1 from Aaa, following its May 16 downgrade of the U.S. government. The outlooks for both agencies were revised from negative to stable, signaling no immediate expectation of...