Tag Archives: Ginnie Mae II MBS

According to Ginnie Mae, April’s mortgage-backed securities issuance supported the financing of more than 112,000 households, including assisting more than 50,700 first-time homebuyers.

First-quarter mortgage-backed securities issuance by Ginnie Mae supported the financing of more than 281,000 households, including more than 126,000 first-time homebuyers.

As Ginnie Mae continues its search for a permanent COO, Laura M. Kenney has been named Senior Advisor for Strategic Operations, in addition to Britt Van being appointed as Special Advisor to the President.

“The steepest increase in mortgage rates in decades is a headwind for homebuyers, but Ginnie Mae’s guaranty and insuring agency partners are here with products and programs to help consumers achieve their dream of homeownership,” said Ginnie Mae President Alanna McCargo.

May’s MBS issuance total brings Ginnie Mae’s MBS program balance to $2.216 trillion, the highest in the agency’s history.

More than 189,000 homes and apartment units nationwide were financed by Ginnie Mae to close out Q1 of 2022.

More than 190,000 U.S. homes were financed in February through Ginnie Mae MBS financing.

Ginnie’s mortgage-backed securities issuance fell month-over-month in October, despite reporting it had passed $1 trillion in principal and interest payments through to investors in FY2021.

Issuance of Ginnie Mae’s mortgage-backed securities continues its upward slope. Click through to learn more.

Outstanding mortgage-backed securities at Ginnie Mae have risen five-fold since the financial crisis. But here’s why the agency is raising concerns about nonbanks’ ability to meet financial obligations.