Certified Forensic Loan Auditors, LLC

 
  Upcoming Classes

Search CFLA's Article Archive:

Ginnie Mae Tops Freddie Mac as MBS Issuer

nationalmortgagenews.com | June 25, 2016

By Brian Collins

Ginnie Mae surpassed Freddie Mac in total outstanding mortgage securities backed by single-family loans for the first time, according to researchers at the Urban Institute.

"Ginnie has edged past Freddie Mac" in May, said Alanna McCargo, co-director of the Housing Policy Research Center at the Urban Institute, during a press briefing Thursday on the center’s release of its housing finance chartbook.

The total outstanding balance of Ginnie Mae mortgage-backed securities was $1.624 trillion as of May 31, compared to $1.623 trillion in outstanding Freddie Mac MBS, according to Urban Institute calculations based on eMBS agency MBS security data.

The researchers' figures also show Ginnie Mae issued $41.6 billion in single-family MBS in May, compared to Freddie Mac's issuance of $29.9 billion of single-family mortgage securities, which Freddie calls participation certificates.

Freddie Mac PC issuance has been slowly declining since 2010 while Ginnie Mae MBS issuance has been gradually rising since mid-2008.

Two years ago, Laurie Goodman, the co-director of the Housing Policy Research Center, predicted that "Ginnie Mae will overtake Freddie Mac within a year as the second largest single-family securitization platform."

Speaking about the issue this week, Ted Tozer, the president of Ginnie, said "what's most important about this milestone is not that we have passed Freddie Mac in outstanding mortgage-backed securities, but that Ginnie Mae's public-private partnership model assured credit access would continue for borrowers and supported the housing recovery."

"The strength of this partnership has enabled more than 10 million families achieve the American dream. This is a tribute to the staff at Ginnie Mae and the private sector diligently working together to expand and enhance affordable housing finance," he added.

Ginnie Mae securitizes Federal Housing Administration, Department of Veterans Affairs and Rural Housing Service loans.

FHA-insured loans offer more competitive rates than Freddie-backed loans and Ginnie has benefited from an uptick in VA loans over the past few years, according to McCargo.

However, Fannie Mae remains the largest securitization platform. Outstanding securities issued by Fannie, Freddie and Ginnie totaled $5.89 trillion as of May 31. Fannie Mae's share represented 44.9% of the pie, compared to 27.6% for Freddie Mac and 27.6% for Ginnie Mae.

Freddie did not respond to requests for comments on the Urban Institute report. Freddie is not expected to release its May securitization data until next week.

 

 

 

Order Cutting-Edge Services Now   Quiet Title Packages from Licensed Attorneys
     
CFLA Sponsored Attorney Links   CFLA Training Academy

 

 

Back to June 2016 Archive

 

CFLA was founded by the Nation's Leading Foreclosure Defense Attorneys back in 2007 to serve the Foreclosure Defense Industry and fight pervasive Bank Fraud. Since opening our virtual doors, CFLA has rapidly expanded to become the premier online legal destination for small businesses and consumers. But as the company continues to grow, we're careful to hold true to our original vision. For us, putting the law within reach of millions of people is more than just a novel idea—it's the founding principle, just ask Andrew P. Lehman, J.D.. With convenient locations in Houston and Los Angeles, you can contact Our National Account Specialist and General Manager / Member Damion W. Emholtz at 888-758-2352 for a free Mortgage Fraud Analysis or to obtain samples of work product, including cutting edge Bloomberg Securitization Audits, Litigation Support, Quiet Title Packages, and for more information about our Nationally Accredited and U.S. Department of Education Approved "Mortgage Securitization Analyst Training Certification" Classes (3 days) 24 hours for approved CLE & MCLE Credit (Now Available Online).

SEE BELOW- http://www.certifiedforensicloanauditors.com

Call us toll free at 888-758-2352

Bookmark and Share
spacer
Facebook Like us on Facebook
Twitter Follow us on Twitter
YouTube View our YouTube Videos
LinkedIn Connect to us on Linkedin
 
BBB Logo

 

spacer

Contact us or view our Sample Documents & Audits by completing the form below.

  • Reload
  • Should be Empty:

 

DVD Sets Only $99

 

FREE Mortgage Fraud Analysis

 

Order Cutting-Edge Services Now

 

Quiet Title Packages from Licensed Attorneys

 

Affiliate Services

 

CFLA Sponsored Attorney Links

 

Take-Home Education Package

 

ALB Law Firm

 

Advocate Legal

 

The True News Network

 

Sutton Law Firm, P.L.L.C.

 

Rubenstein Business Law

 

Atighechi Law Group

 

Scunziano & Associates

 

Get Certified to Perform Mortgage Securitization Audits

 

CFLA Training Academy

 

Expert Witness Services

 

Cutting Edge Expert Securitization Reports

 

CFLA Credit Cards

 

Breaking News

 

Letters to the Editor

 

CFLA Weekly Newsletters

 

Code of Ethics

 

Testimonials

 

Instructional Videos

 

Job Opportunities

 

License Opportunities

 

MARS Rule

 

Product Samples

 

Resource Links

 

Servicer Information

 

Foreclosure Laws

 

REST Report

 

Quiet Title Packages from Licensed Attorneys

 

Advertise on CFLA

 

Advertising Space: Mortgage Securitization, Quiet Title

 

Certified Forensic Loan Auditors, LLC
13101 West Washington Blvd.
Suite 444
Los Angeles, CA 90066

Phone: 832-932-3951
Toll Free: 888-758-CFLA (2352)
Mobile Users: CLICK TO CALL
info@certifiedforensicloanauditors.com

   
 
CFLA IS NOT A LAW FIRM AND DOES NOT PROVIDE ANY LEGAL ADVICE. CFLA DOES NOT OFFER FORECLOSURE CONSULTING OR FORECLOSURE RELIEF
SERVICES. CFLA DOES NOT OFFER OR ASSIST WITH ANY LOAN MODIFICATION SERVICE. CFLA ALWAYS RECOMMENDS THAT CLIENTS RETAIN COMPETENT COUNSEL IN THEIR RESPECTIVE JURISDICTION. CFLA HAS A FREE PROGRAM TO REFER CFLA CLIENTS TO LAW FIRMS IN NEARLY EVERY STATE AND CFLA
DOES NOT CHARGE OR OBTAIN REFERRALS FEES FOR THESE SERVICES. SERVICES NOT OFFERED TO RESIDENTS OF THE STATE OF NEVADA.

 
Home About Us Privacy Policy Terms of Service Disclaimer SERVICES Careers Contact Us
 
COPYRIGHT © 2007-2016 Certified Forensic Loan Auditors ™ All rights reserved