Ginnie Mae News

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.

Ginnie Mae, or the Government National Mortgage Association, was established by the US government in 1968 to promote home ownership.

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 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.

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.