Ginnie Mae is expanding access to its mortgage-backed securities program for certain USDA-backed rural apartment loans, raising the maximum eligible loan-to-cost ratio from 70% to 80% for qualifying Section 538 multifamily mortgages.The federal housing-finance agency...
A federal appeals court has sided with Ginnie Mae in a dispute over reverse-mortgage collateral, delivering a consequential ruling for banks and other lenders financing issuers of government-backed mortgage securities.In a decision issued October 9, the U.S. Court of...
Ginnie Mae issued $53.1 billion in total mortgage-backed securities (MBS) during July, resulting in net portfolio growth of $20.5 billion. Last month’s issuance grew the agency’s MBS portfolio outstanding grew to $2.99 trillion. In addition, Ginnie Mae facilitated the...
Ginnie Mae announced that it issued $53.9 billion in total mortgage-backed securities (MBS) in June, resulting in net portfolio growth of $20.6 billion. Last month’s activity expands its MBS portfolio outstanding to $2.97 trillion. Last month’s activity included $52.4...
Ginnie Mae announced that it issued $54.9 billion in total mortgage-backed securities (MBS) during May, resulting in net portfolio growth of $20 billion. Last month’s issuance included $52.9 billion in Ginnie Mae II MBS and $1.9 billion in Ginnie Mae I MBS, including...
TYKO Provides $817 Million for Miami Faena Towers in Reported Florida Recor…
