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Home » Store » Inside FHA/VA Lending » Ginnie Mae Reports Nearly 10 Percent Exposure In Disaster Areas, Opens Issuer Advance Window

Ginnie Mae Reports Nearly 10 Percent Exposure In Disaster Areas, Opens Issuer Advance Window

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Inside FHA/VA Lending

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Roughly 9.8 percent of Ginnie Mae’s outstanding MBS portfolio may be potentially at risk due to hurricanes Harvey, Irma and Maria, according to data released recently by the agency. The tally represents the number of Ginnie loans and their unpaid principal balance amounts in the presidentially declared disaster areas in Texas, Florida, Georgia, Puerto Rico and the U.S. Virgin Islands. A total of 1.066 million mortgages with a UPB of $184.5 billion have been affected. Ginnie’s current MBS portfolio totals $1.9 trillion
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