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 …

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