Ginnie Mae Reports Record MBS Issuance in April

first_img in Daily Dose, Featured, Government, Journal, News About Author: Eric C. Peck Ginnie Mae reported that its mortgage-backed securities (MBS) issuance volume for April 2021 was a record $89.70 billion. This total marks another strong month for Ginnie Mae, with its now-record issuance volume up from $82.25 billion issued in March, $77 billion issued in February, and $82.6 billion issued in January. Approximately 332,300 homes and apartment units were financed by Ginnie Mae guaranteed MBS in April of 2021.“Investors continue to add Ginnie Mae MBS to their fixed-income portfolios because of the high-quality and liquidity of the securities,” said Ginnie Mae Acting Executive Vice President Michael Drayne. “Our commitment to maintain a strong and flexible MBS program that produces the types of securities investors demand is the foundation of Ginnie Mae’s ability to finance affordable homeownership and rental housing.”A breakdown of April issuance of $89.70 billion includes $85.48 billion of Ginnie Mae II MBS and $4.22 billion of Ginnie Mae I MBS, which includes $4.16 billion of loans for multifamily housing.Ginnie Mae’s total outstanding principal balance as of April 30 was $2.109 trillion, up from $2.095 trillion in March, and down slightly from the April 2020 level of $2.145 trillion.Ginnie Mae continues to lend a hand to struggling homeowners nationwide, working with an estimated 2.2 million homeowners currently in forbearance plans, according to the Mortgage Bankers Association (MBA). Of that total, the share of Ginnie Mae loans in forbearance decreased 20 basis points this week to just 5.82% of the overall volume.”Homeowners who have exited forbearance and been able to take up their original payment again are performing at almost the same rate as the overall mortgage servicing portfolio,” said Mike Fratantoni, MBA’s SVP and Chief Economist Ginnie Mae Reports Record MBS Issuance in April Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Ginnie Mae Michael Drayne Mike Fratantoni Mortgage Bankers Association (MBA) ortgage-backed securities (MBS) 2021-05-11 Eric C. Peck Share Save Previous: Southern Surge Leads Record Home Sales Forecast Next: Experts Express Optimism About Delinquency Rate The Best Markets For Residential Property Investors 2 days ago  Print This Post Eric C. Peck has 20-plus years’ experience covering the mortgage industry, he most recently served as Editor-in-Chief for The Mortgage Press and National Mortgage Professional Magazine. Peck graduated from the New York Institute of Technology where he received his B.A. in Communication Arts/Media. After graduating, he began his professional career with Videography Magazine before landing in the mortgage space. Peck has edited three published books and has served as Copy Editor for Entrepreneur.com. Tagged with: Ginnie Mae Michael Drayne Mike Fratantoni Mortgage Bankers Association (MBA) ortgage-backed securities (MBS) Demand Propels Home Prices Upward 2 days agocenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Subscribe 19 days ago 457 Views Related Articles Home / Daily Dose / Ginnie Mae Reports Record MBS Issuance in April Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Sign up for DS News Daily Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days agolast_img read more