Ginnie Mae’s MBS portfolio reaches $1.5 trillion

As president of Ginnie Mae, Tozer actively manages Ginnie Mae’s $1.5 trillion portfolio of mortgage-backed securities (MBS) and more than $460 billion in annual issuance. This article originally appeared in the December 2015 print edition of National Mortgage Professional Magazine.

Ginnie Mae’s Housing Finance Reform Overview. A healthy financial institution that has generated positive earnings throughout the recent crisis, Ginnie Mae continued this trend in FY 2013 with a profit of $628.4 million. Ginnie Mae guarantees a portfolio of MBS backed by 9.1 million loans and nearly $1.5 trillion in current UPB.

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Ginnie Mae Should Be Part Of The Conversation: Tozer – But alongside this tangled conversation, Ginnie Mae has tripled its mortgage-backed security (MBS) portfolio from less than $500 billion at the start of the financial crisis to $1.5 trillion last month, earning a profit every year for the last two decades, and is now building the groundwork to become even larger. Could it eventually fill the.

Jobless rates stay level or improve in 32 states Pre-owned vehicle prices subsequently skyrocketed by a stratospheric 32 percent. their lofty levels because of looser lending standards, recovery in the housing and construction markets, a gradual.

How did Investment Banks allegedly deceive Investors in mortgage-backed securities? Ginnie Mae executives are anxiously watching the congressional appropriations process to see if they can hire more personnel to beef up the agency’s monitoring and risk management units. Over the past four years, Ginnie has seen its mortgage-backed securities outstanding jump from $1 trillion to $1.5 trillion.

Allowing for modest portfolio growth through 2009. backing had earlier allowed Fannie Mae and Freddie Mac portfolios of MBS and other securities to more than double since 1998 to a combined $1.5.

The corporation’s portfolio has grown from $1 trillion in 2010 to $1.5 trillion in 2014. It took 42 years, from the company’s founding in 1968 to 2010, for its portfolio to reach $1 trillion. Read.

Just four years after Ginnie’s portfolio reached $1 trillion, the corporation’s portfolio now stands at more than $1.5 trillion.

Washington, DC – Ginnie Mae announced today that its mortgage-backed securities (MBS) portfolio reached $1.5 trillion in unpaid principal balance (upb). ginnie mae President Ted Tozer noted the unprecedented expansion of recent years.

a government-owned corporation that guarantees about $2 trillion in mortgage-backed securities, including loans backed by the Department of Veterans Affairs. Under the restrictions, NewDay and Nations.

The new record set in July surpassed the previous mark of $46.1 billion, set in July 2009. For Fiscal Year 2015, Ginnie Mae has guaranteed more than $346 billion mortgage-backed securities, way.

Urban Institute: Mortgage denials for black borrowers worse than thought But in many places, the law hasn’t made much difference. When you combine home purchase loans, refinancing and home equity lines of credit, banks were more likely to deny a conventional loan application than grant it in more than 40 percent of Philadelphia. People of color were the majority in nearly all those neighborhoods.