After seeing a decline in late 2011, Ginnie Mae HMBS issuance is showing a steady rebound into 2012, with the most recently monthly issuance totaling $882 million.
In late 2011, issuance of Ginnie Mae pools had fallen to less than $600 million monthly, with November and December totaling $563 million and $599 million, respectively.
Upon the exits of several large issuers from the industry, there has been some discussion surrounding the volume decline for secondary market investors. New Ginnie Mae-approved lenders such as One Reverse Mortgage and Live Well Financial have indicated they will look to begin issuing in 2012.
Written by Elizabeth EckerPrint Article