#ginnie-mae

#ginnie-mae

Original, or first-participation, HMBS production totaled $382 million in January, $90 million more than December's $292 million and $49 million above November's $333 million, but $24 million below January 2025. Tail issuance totaled $179 million, down from $189 million in December. The 72 pools included 23 original pools, 46 tail pools, and three mixed pools. January also saw 21 pools with aggregate sizes under $1 million, totaling $12.1 million in unpaid principal balance (UPB), enabled by a Ginnie Mae rule allowing small pools.

The dispute over HECM-backed Securities (HMBS) tails did not override Ginnie Mae’s authority over mortgages, a ruling expressed by Judge Matthew Kacsmaryk on April.

We had some senior-level retirements over the last six months, but we've gotten permission to move forward with some senior-level hires. I'm hoping to get some really good people in.

I am very happy to see Joe Gormley take the helm at Ginnie Mae as Executive Vice President and Chief Operating Officer... His leadership will bring stability and strength to this segment of the housing market.