Monday Jun 10
Ginnie Mae MBS issuance climbs
Ginnie Mae mortgage-backed securities issuance totaled more than $41.03 billion in May, up from $39.95 in April, according to data released by the government-owned enterprise.
PacTrust Bank approved to issue Ginnie Mae MBS
Ginnie Mae, or the Government National Mortgage Association, was established by the US government in 1968 to promote home ownership.
Total Mortgage Servicing becomes Ginnie Mae approved issuer
Total Mortgage Services is now an approved Government National Mortgage Association issuer for the GNMA I and II single-family mortgage-backed securities program.
Ginnie Mae MBS issuance nearly hits $40B
Ginnie Mae mortgage-backed securities issuance totaled $39.95 billion in April, up $36.4 billion from March , according to data released by the government-owned enterprise.
Proposed Ginnie Mae policy may increase buyouts
A key component would be to allow partial payments to advance rather than reset the borrower's delinquency status, according to Sarah Hu and Ashley Gam of Royal Bank of Scotland ($10.33 Under the current policy, Ginnie Mae issuers may buy out delinquent loans only if the borrower fails to make any payment for three months in a row.