Freddie Mac: Here are the top 5 improving metro markets for housing

The Census Bureau is cooking the new home sales numbers

You can’t make bricks with imaginary straw

The 12 hottest housing markets right now

And the biggest losers in the price growth race
W S
Investments

Ginnie Mae issuance up 21% from last year

Ginnie Mae issued $29.2 billion in mortgage bonds in March, up roughly 21% from the same month last year.

Ginnie packages Federal Housing Administration and Veterans Affairs home loans into securities and guarantees timely payment of principal and interest to investors.

The Ginnie Mae II single-family pools increased to $21.5 billion in March from $15.8 billion last year. Single-family Ginnie Mae I securities dipped to $5.3 billion from slightly more than $6 billion in March 2011.

"Ginnie Mae has been a key component of the country's economic recovery," said Ginnie Mae President Ted Tozer.

"Without Ginnie Mae providing liquidity via the secondary market for government-insured mortgage loans, the turmoil in the housing market would have been much worse," Tozer added. "And, given Ginnie Mae's consistently high issuance levels, it is clear that issuers and investors are still depending upon Ginnie Mae."

jprior@housingwire.com

@JonAPrior

 

Recent Articles by Jon Prior

Comments powered by Disqus