However, when these young people eventually buy, they're likely to go with FHA and, for those who are veterans, VA loans--and so Ginnie Mae
still looks to be a dominant player in the MBS market in the upcoming years.
For calendar year 2008, Ginnie Mae
MBS issuances stand near $270 billion, compared to $97 billion for calendar year 2007.
Mortgage-backed securities in the form of Ginnie Mae
, Fannie Mae, and Freddie Mac securities are all backed by the U.S.
President Ted Tozer told the audience that Ginnie Mae
has been actively reviewing its policies to address the emergence of a new set of issuers that are increasingly not regulated depository institutions.
The Fair Housing Act of 1968 split Fannie Mae into two separate pieces: Fannie Mae, for the purchase of conventional mortgages that conformed to specific underwriting standards; and the Government National Mortgage Association (GNMA), better known as Ginnie Mae
, for providing a guaranty backed by the full faith and credit of the United States for the timely payment of principal and interest on mortgage-backed securities (MBS) secured by pools of government home loans.
This marks the second consecutive month Ginnie Mae
MBS issuances surpassed government-sponsored enterprises Fannie Mae and Freddie Mac.
A real estate investment trust, Capsteador earns income by investing in a leveraged portfolio of residential adjustable-rate mortgage pass-through securities or ARM securities, issued and guaranteed by government-sponsored enterprises like Fannie Mae or Freddie Mac, or by an agency of the federal government, Ginnie Mae
. The company was formed in 1985 and is based in Dallas, Texas, USA.
He joins SFIG from Ginnie Mae
, where he was Executive Vice President and Chief Operating Officer, managing all operations for Ginnie Mae
's USD 2.0 trillion portfolio of mortgage-backed securities.
In 2017, PR Mortgage & Investments acquired RICHMAC, a national Freddie Mac Targeted Affordable Housing Seller/Servicer, Fannie Mae Multifamily Affordable Housing Lender, approved FHA multifamily lender and Ginnie Mae