MortgageReverse

Ginnie Mae Guarantees $854 Million of Reverse Mortgage MBS in October

Ginnie Mae announced it guaranteed more than $35.5 billion in mortgage-backed securities (MBS) in October.

“Our October issuance numbers underscore Ginnie Mae’s influence in the housing market,” said Ginnie Mae President Ted Tozer. “Our conservative approach to our business operations allows Ginnie Mae to inject much needed liquidity into the marketplace, while successfully protecting taxpayer and investor interests.”

Issuance for Ginnie Mae II single-family pools totaled over $18.662 billion in October, while issuance for the Ginnie Mae I single-family pools topped $14.67 billion.  The agency guaranteed more than $854 million or HECM Mortgage Back Securities during the month, up from $796 million in September.

Total single-family issuance for October was more than $34.186 billion. Ginnie Mae’s multifamily MBS issuance was over $1.405 billion.

Chart: Ginnie Mae 12 months

Tags:

Ginnie Mae 12 months

Powered By: iCharts | create, share, and embed interactive charts online

 

Leave a Reply

Your email address will not be published. Required fields are marked *

Most Popular Articles

3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please