Ginnie Mae

Ginnie Mae: Forbearance Levels Remain Low

Report reveals delinquencies have returned to pre-crisis levels. Most homeowners in forbearance cite financial problems linked to the COVID-19 pandemic. Forbearance numbers for federal home loan programs remained low during August, according to the latest GNM Mortgage Credit Monthly Report published by Recursion. In the current state of the Ginnie Mae portfolio, 14.23% of mortgages … The post Ginnie Mae: …

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Record-Breaking Month for Mortgage-Backed Securities at Ginnie Mae

MBS issuances reached $70.04 billion, and the dollar amount reflects a greater number of families succeeding at homeownership. Mortgage-backed securities (MBS) issued by Ginnie Mae in July totaled a corporate-wide record of $70.04 billion. This translates to financing for more than 261,000 homeowners and renters, the agency reported. “As mortgage rates reached new all-time lows … The post Record-Breaking Month …

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Ginne Mae Issues $61B in MBS in June

This was the third consecutive month that it has issued more than $60 billion in mortgage backed securities. However, Ginnie Mae’s outstanding balance also reported an increase. The post Ginne Mae Issues $61B in MBS in June appeared first on DSNews.

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