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Tag Archives: Ginnie Mae

Ginnie Mae Offloads $26B in MBS

According to a recent report, Ginnie Mae issuers put up over $26 billion in mortgage-backed securities for sale on the secondary market over the course of May, reflecting a 4 percent overall decline from April. HUD released a report indicating the placement of 99.5 percent of FHA-insured loans and 97 percent of VA-backed loans in Ginnie Mae packages over the course of 2010, with an end-point in September. Ginnie Mae also securitized $770 million worth in FHA-insured reverse mortgages and $1.6 billion in multifamily loans over the course of May.

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MountainView Offers $188M Ginnie Mae Servicing Portfolio

MountainView Servicing Group, a subsidiary of MountainView Capital Holdings, announced Monday that it will serve as the exclusive advisor for a $188 million Ginnie Mae servicing portfolio. The portfolio is comprised entirely of fixed-rate mortgage loans, 98.1 percent of which are Federal Housing Administration (FHA) loans, with 99.9 percent retail origination and a weighted average interest rate of 5.95 percent.

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