Talking about Government guarantee expected for one-third of MBS in 2011 « HousingWire

 

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Government guarantee expected for one-third of MBS in 2011 « HousingWire

Government-backed bond issuer Ginnie Mae‘s share of mortgage-backed securities issuance should reach 32% in 2011, continuing a steady growth seen after the financial crisis of 2008, Deutsche Bank analysts said. Ginnie Mae guarantees timely payment of principal and interest on federally insured loans to investors of MBS. While the issuance of these Ginnie-backed securities slipped 1.4% to $413 billion in the fiscal year of 2010, 30% of all MBS issued was backed by the agency. It’s grown every year since 2007 when only 9% of MBS issued that year was backed by Ginnie Mae.

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