FHFA announces 2016 conforming loan limits

FHFA announces 2016 conforming loan limits

Much of U.S. left unchanged; limits increase in 39 ‘high-cost’ counties

Game changer? Quicken Loans takes mortgage lending fully digital

Launches Rocket Mortgage

Google launches mortgage comparison tool with Zillow

LendingTree will also bring mortgages to Google

Ginnie Mae guarantees top $26 billion in February

/ Print / Reprints /
| Share More
/ Text Size+
Ginnie Mae guaranteed more than $26.2 billion in mortgage-backed securities in February. The Government National Mortgage Association, or Ginnie Mae, guarantees timely payment of principal and interest on federally insured loans to MBS investors. Issuance for Ginnie Mae I single-family pools, which are single-issuer securities comprised of mortgages with the same interest rate, totaled $7.62 billion in February. Ginnie Mae II MBS single-family issuance aggregated more than $16.44 billion during the month. This type of security refers to multiple-issuer pools. The agency also guaranteed $891 million in HECM mortgage-backed securities. Of total guarantees in February, $24.96 billion was attributable to single-family issuance, while about $1.25 billion was attributable to multi-family securities. Ted Tozer, president of Ginnie Mae, said the firm continually plays a key role in supporting homeownership, as well as secondary investments. "As a leader within the housing finance industry, Ginnie Mae continues to provide critical liquidity to the secondary market," Tozer said. Write to Christine Ricciardi. Follow her on Twitter @HWnewbieCR.

Recent Articles by Christine Ricciardi

Comments powered by Disqus