HECM

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HMBS Continues Forward Momentum 

May 26, 2011By

For the fourth consecutive month HECM mortgage-backed securities (HMBS) issued by Ginnie Mae have increased, topping $1 billion for only the third time in the last 16 months.   HMBS issues totaled $1.029 billion in April a 9.5% increase over the $940 issued in March.  In all, Ginnie Mae issued $26.408 billion in mortgage-backed securities.  HMBS accounted for 3.9% of the total issues. In the first four months of 2011 HMBS issues by Ginnie Mae have reached $3.745 billion.  This is a 3.5% decrease over the first four months of 2010.  However, 2011 has seen a more consistent forward

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