AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
Ginnie Mae Issuance Poised for Rebound?(Brief article)
Las Vegas-The issuance of Ginnie Mae securities has fallen off in recent years, in part because lenders have been originating fewer government-backed home loans. But the director for single-family housing at Ginnie Mae, Michael Garcia, sees evidence of a turnaround.
Speaking at the California Mortgage Bankers Association's Western States Loan Servicing Conference here, Mr. Garcia said that Ginnie Mae's outstanding portfolio of mortgage securities has increased for three consecutive months.
Ginnie Mae estimates that it will be backing $406 billion of outstanding mortgage-backed securities at the end of this year. That would still be down slightly from $412 billion at the end of 2005. Outstanding securities stood at $453 billion at the end of 2004.
Issuance of new Ginnie Mae MBS continues to fall despite the stabilization in ...
- GINNIE MAE MBS ISSUANCE SOARS PAST $40 BILLION FOR FIRST TIME IN ITS 41 YEAR...
- News wire article from: US Fed News Service, Including US State News July 17, 2009 700+ words
...June was more than $43 billion. Ginnie Mae's multifamily MBS issuance was...turned to the safety and security of Ginnie Mae MBS because it has the full faith and...States Government. As a result, Ginnie Mae's commitment to its mission has...
- Ginnie Mae MBS issuances top $27 billion in November.(Briefing Book)(Government...
- Magazine article from: Mortgage Banking January 1, 2009 700+ words
...marks the second consecutive month Ginnie Mae MBS issuances surpassed government...and Freddie Mac, according to Ginnie Mae President Joseph J. Murin...OMITTED] For calendar-year 2008, Ginnie Mae MBS issuances stand at $246 billion...
- Government's Ginnie Mae MBS issuance reaches $24b.(FINANCE)
- Magazine article from: Real Estate Weekly January 28, 2009 700+ words
...National Mortgage Association (Ginnie Mae) announced that issuances for...2008. For calendar year 2008, Ginnie Mae MBS issuances stand near $270 billion...Joseph J. Murin, president of Ginnie Mae. "Ginnie Mae is proud to be that...
- Elimination of FHA insurance premium refunds may lower GNMA volume.(Federal...
- Newspaper article from: Asset Securitization Report Sibayan, Karen January 24, 2005 700+ words
...loans. This is expected to lower Ginnie Mae MBS volumes and noticeably affect...FHA loans make up 69.1% of Ginnie Mae outstandings, UBS said that these...in FHA originations, hampering Ginnie Mae's recent attempts at reestablishing...
- Changes to Ginnie Mae MBS Program Expected to Lower Costs of Mortgages,...
- Press release article from: PR Newswire November 5, 2002 700+ words
WASHINGTON -- Ginnie Mae today proposed to reduce to 19 from...and increase homeownership rates. Ginnie Mae issues securities, backed by mortgages...the U.S. Government. According to Ginnie Mae President Ronald Rosenfeld, the proposed...
- Changes to Ginnie Mae MBS program proposed. (Business Alert).
- Magazine article from: Mortgage Banking December 1, 2002 700+ words
GINNIE MAE HAS PROPOSED TO REDUCE TO 19 from 44...and Urban Development (HUD) says. Ginnie Mae-issued mortgage-backed securities...basis-point reserve was to protect Ginnie Mae in the event of a default by issuers...
- Ginnie Mae MBS Issuance Rises but Profits Fall.(News)
- Magazine article from: HomeEquityWire November 15, 2009 700+ words
...the culprit, according to an audit of Ginnie Mae's financial status and internal controls...The audit also shows that defaulted Ginnie Mae issuers have left the agency with $26...up from $400 million in FY 2008. Ginnie Mae also could suffer losses due the recent...
- Fed eyes Ginnie Mae MBS... again.
- Newspaper article from: Asset Securitization Report Sibayan, Karen February 11, 2002 700+ words
...GSE sentiment Though Fannie and Freddie have been criticized in the media, this should not really be a factor in recent Ginnie Mae outperformance in the long run relative to the two agencies, sources say. Analysts said that fundamentally, the issue should...