Agency MBS/Secondary Activity

Ginnie Mae issuance

Ginnie Mae MBS Issuance by Guarantor

Chart detailing volume of GNMA issuance by quarter. Breakouts included for FHA (including total, purchase, refinance, and modification), VA (with same subcategories) and Rural Housing. Includes sequential and annual change for each category.

4Q13 - 2Q16 Data

Ginnie Mae Issuance by Issuer Type

Share of Ginnie Mae issuance of FHA loans by quarter for mortgage companies, mega banks (assets > $1 trillion), large banks (assets between $100 billion and $1 trillion), mid-size banks (assets between $10 billion and $100 billion), small banks (assets <$10 billion), state housing finance agencies, credit unions and top five issuers. Separate, equivalent data set presented for issuance of VA loans.

1Q14-4Q15 Data

Nonbank Share of GNMA Business

Market share held by nonbanks by quarter for new GNMA MBS issuance and GNMA servicing outstanding.

1Q14-1Q16 Data


After the November elections, how long will it take for a new Congress and White House to pass GSE reform legislation?

I’m confident a bill will be passed the first year.


2 to 3 years. GSE reform is complicated.


Sadly it won’t happen in a Clinton or Trump first term.


Not in my lifetime.


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