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.
GNMAHECMNewsReverse Mortgage

Ginnie Mae Guarantees $891 Million in HECM Loans in February

Ginnie Mae guaranteed more than $26.2 billion in mortgage-backed securities in February, including more than $891 million under the HECM program, according to the government corportation.

Single-family issuance during the month totaled nearly $25 billion and multi-family issuance was more than $1.25 million.

“The Ginnie Mae MBS continues to support homeownership and affordable rental properties for families in this tough economy,” said Ginnie Mae President Ted Tozer. “As a leader within the housing finance industry, Ginnie Mae continues to provide critical liquidity to the secondary market.”

Ginnie Mae issued $870 in HECM loans in the previous month. The total issuance during January was $35.3 billion.

See a summary of Ginnie Mae monthly issuance data.

Written by Elizabeth Ecker