Ginnie Mae Attracting Investors

first_imgHome / Daily Dose / Ginnie Mae Attracting Investors Demand Propels Home Prices Upward 2 days ago Ginnie Mae Attracting Investors in Daily Dose, Featured, News While the broader economy is on rocky terrain as a result of the global COVID-19 pandemic, Ginnie Mae is assuring the market and its investors that it remains on solid footing. Investors across the globe are continuing to invest in Ginnie Mae mortgage-backed securities, even in the current economic climate.As of May, Ginnie Mae’s MBS production climbed to $63.44 billion in issuance and totaled $2.149 trillion in outstanding principal balance.According to Ginnie Mae, this investment has helped “an additional 235,000 borrowers obtain affordable housing credit.”In a post this week, Ginnie Mae explained that it has traditionally helped maintain a stable market even during economic downturns by ensuring that its MBS have continued receiving principal and interest payments even during the worst economies.“The ongoing COVID-19 pandemic is no exception,” Ginnie Mae stated. “The coronavirus emergency is one of many examples in our 50 plus years where Ginnie Mae provides liquidity and stability into the U.S. housing finance sector amidst the crisis.”In response to the pandemic, Ginnie Mae created the Pass-Through Assistance Program (PTAP) in April to help servicers as well as taxpayers.The PTAP has helped servicers by allowing them to offer flexibility to home loan borrowers during the financial crisis created by the pandemic. In May, Ginnie Mae also expanded PTAP to multifamily MBS.Under PTAP, disruptions in payment do not qualify as a default.Ginnie Mae also noted that its MBS is actually increasing in demand as Treasury rates decline, explaining that “international demand for Ginnie Mae MBS has been particularly strong for those global investors seeking to place their capital outside bonds with lower rates in local and regional bond markets.”International investors can continue to invest knowing that their principal and interest payments will remain on schedule and they have their investment has the guaranty of the U.S. government.In fact, Ginnie Mae has continued to have strong demand since the Great Recession, growing from $400 billion to more than $2 trillion over the past decade. Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Related Articles The Best Markets For Residential Property Investors 2 days ago June 24, 2020 1,307 Views The Week Ahead: Nearing the Forbearance Exit 2 days agocenter_img Share Save Servicers Navigate the Post-Pandemic World 2 days ago Previous: Foreclosures Down for Fannie Mae, Freddie Mac Next: HUD Responds to Financial Services Committee’s Claims Tagged with: Ginnie Mae MBS Ginnie Mae MBS 2020-06-24 Mike Albanese About Author: Krista F. Brock Data Provider Black Knight to Acquire Top of Mind 2 days ago Subscribe Krista Franks Brock is a professional writer and editor who has covered the mortgage banking and default servicing sectors since 2011. Previously, she served as managing editor of DS News and Southern Distinction, a regional lifestyle publication. Her work has appeared in a variety of print and online publications, including Consumers Digest, Dallas Style and Design, DS News and DSNews.com, MReport and theMReport.com. She holds degrees in journalism and art from the University of Georgia.  Print This Post Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days agolast_img read more

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