Ginnie Mae set a record in its issuance of MBS backed by reverse mortgages in August.

Overall, the agency saw a 3% decline in total issuance between July and August. More reverse mortgage lenders are turning to Ginnie Mae as their secondary market outlet since Fannie Mae, the biggest investor on Federal Housing Administration-insured Home Equity Conversion Mortgages, hiked its margins in March by 50 to 75 basis points.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.