Ginnie Mae MBS Production Increased 7 Percent in Early 2012, Wells Continued Expanding Market Share
May 31, 2012
Ginnie Mae issued $80.9 billion of single-family mortgage-backed securities during the first quarter of 2012, an increase of 6.8 percent from the previous three-month period. It was the highest production level for the program since the end of 2010 and reflected a surge in FHA and VA refinance originations. Ginnie MBS issuance was up 2.3 percent from the first quarter of last year. Wells Fargo stretched its industry-leading market share to 40.1 percent in the first quarter. The company issued $32.5 billion in Ginnie single-family securities, a gain of 14.0 percent from the end of 2011, or about...
The creation of a U.S. sovereign wealth fund could grease the skids for an end to the conservatorships of Fannie Mae and Freddie Mac.
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