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Volume 10 - Number 8

April 14, 2017

Downloads Available: Ginnie Mae MBS Issuance by Guarantor: 2014-1Q17

Downloads Available: Top Ginnie Mae Issuers: 1Q17

Downloads Available: Top Ginnie Mae Issuers of FHA Mortgages: 1Q17

Downloads Available: Top Ginnie Mae Issuers of VA Mortgages: 1Q17


PennyMac Claims Top Rank in Ginnie MBS Production in 1Q17

There is a new boss in the Ginnie Mae mortgage-backed securities market. PennyMac Financial rose to the top of the issuer ranking in the first quarter of 2017 despite a sharp decline in volume, according to a new analysis and ranking by Inside FHA/VA Lending. PennyMac issued $10.78 billion of single-family Ginnie securities during the first three months of the year. The figures in this analysis are based on Ginnie loan-level disclosures, which truncate loan amounts to $1,000 increments. PennyMacís first-quarter production was off 27.9 percent from the fourth quarter of 2016, a slightly bigger decline than the 24.8 percent drop in overall Ginnie issuance. Even though the firm fared slightly worse than the total market, its first-quarter downturn was less severe than Wells Fargoís. Wells has been the top Ginnie producer for a long time, as well as the top player in most segments of the ... [ Charts ]

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Poll

The year is almost 75% done. How is mortgage origination volume at your shop?

We will fund about the same as we did in 2016.
We will fund more than last year – by a little.
We will fund more than last year – by a lot.
We will fund less than last year – by a little.
We will fund less than last year – by a lot.

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