HW Media connects and informs decision makers across the housing economy. Professionals rely on HW Media for breaking news, reporting, and industry data and rankings. Moving the Housing Market Forward.
GNMANewsReverse Mortgage

Ginnie Mae August Issuance Sees $27 Billion, HMBS Sees 13% Decline

The Government National Mortgage Association said it guaranteed $27.8 billion in mortgage backed securities in August.

Lenders issued more than $15.1 billion of Ginnie Mae II single family pools and $7.67 billion Ginnie Mae I single-family pools, with the latest issuance also showing a 13% month-over-month decline for HECM Mortgage Backed Securities (HMBS).

Chart: Ginnie Mae 12 months

Tags:

Ginnie Mae 12 months

Powered By: iCharts | create, share, and embed interactive charts online

Ginnie Mae HMBS issuance showed a steady increase over the previous months, but posted $844 million in HMBS in August, a $125 million decrease from its July total of $969 million. The issuance has rallied throughout the year, with August’s decrease marking its first decline since May.

Written by Elizabeth Ecker