DEC 9, 2013 6:06pm ET

Ginnie Mae Reports Continuing Decline in MBS Issuance

Print
Reprints
Email

Ginnie Mae MBS issuance fell in November for the fifth straight month to the lowest level since June 2011. The secondary market agency reported that Ginnie issuers securitized $26 billion in mortgages, down from $28 billion in the prior month.

Issuers sold $24 billion in single-family Ginnie II MBS to investors that included $878 million in FHA-insured reverse mortgages.

Ginnie I single-issuers securitized $515 million in single-family loans and $1.2 million in multifamily pools.

A separate report by HUD shows that FHA approved 84,000 single-family loans in October, which represents a recovery of sorts for FHA. In September, FHA endorsements dropped to 73,000 from 97,700 in August.

Comments (0)

Be the first to comment on this post using the section below.

Add Your Comments:
You must be registered to post a comment.
Not Registered?
You must be registered to post a comment. Click here to register.
Already registered? Log in here
Please note you must now log in with your email address and password.
Twitter
Facebook
LinkedIn
Already a subscriber? Log in here
Please note you must now log in with your email address and password.