Ginnie Mae HECM Guarantees Grow in March

Ginnie Mae announced this week that it guaranteed more than $940 million in HECM loans in March and more than $24.1 billion in mortgage-backed securities overall during the month.

“The continued strong performance of the Ginnie Mae MBS reinforces the value of our full faith and credit guarantee and our solid execution to Issuers and investors,” said Ginnie Mae President Ted Tozer. “This stability is important as the housing finance industry, and the overall economy, continues to move toward a solid recovery.”

Ginnie Mae II single-family issuance totaled more than $15.84 billion in March, and issuance for the Ginnie Mae I single-family pools reached $6.02 billion. Total single-family issuance for March was more than $22.81 billion and Ginnie Mae’s multifamily MBS issuance was over $1.32 billion.

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March Ginnie Mae HECM guarantees rose from $891 million in February while the total Ginnie Mae issuance fell from $26.2 billion.

See March issuance data from Ginnie Mae.

Written by Elizabeth Ecker

 

 

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