Ginnie Mae announced it guaranteed more than $33.8 billion in mortgage-backed securities (MBS) in September.
“More than two years after the economic downturn, the value of the Ginnie Mae MBS is unquestioned,” said Theodore Tozer, Ginnie Mae president. “Ensuring that there is a stable flow of liquidity via the secondary market is crucial at this stage of the economic recovery.”
Issuance for Ginnie Mae’s reverse mortgage HMBS program fell to $796 million in September, down from $994 in August. Ginnie Mae I single-family issuance was $12.279 billion. Total single-family issuance for September was $32.627 billion.
Last week, Ginnie Mae told attendees at the National Reverse Mortgage Lenders Association Conference in New Orleans it plans to lift the moratorium on new HECM MBS issuers by the end of the year.