Ginnie Mae exposure to Hurricane(s) Harvey, Irma, and Maria

WASHINGTON, D.C. – (RealEstateRama) — Ginnie Mae announced the exposure to its MBS Portfolio by Hurricanes Harvey, Irma, and Maria. The information provided breaks down the number of loans and unpaid principal balance amounts in the presidentially declared disaster areas in Texas, Florida, Georgia, Puerto Rico, and the U.S. Virgin Islands. Additionally, it provides the percentage of Ginnie Mae Single Family GNMA II fixed rate, Multiple Issuer MBS pools impacted. It is important to note, the data below reflects the geographic location of all properties in the affected areas, but does not indicate the percentage of those properties that may have sustained damage during the storm.

Ginnie Mae

Ginnie Mae MBS Aggregate Hurricane Exposure

? ?Loans ?% of Total ?UPB (millions) ?% of Total
??Ginnie Mae Total Outstanding ?10,959,311 ? ?$1,873,685 ?
HARVEY 275,103 ?3% ?$61,357 ?3%
IRMA 675,456? ?6% $111,308? ?6%
MARIA 115,469? ?1% ?11,851? ?1%
?TOTAL ?1,066,028 ?9.7% ?$184,516 ?9.8%

  

Ginnie Mae Single Family Fixed Rate GNMA II Multiple Issue Pools – % of UPB

Coupon? ?Harvey ?Irma ?Maria ?All Hurricanes
?2.50 ?1.57% ?5.17% ?0.12% ?6.86%
?3.00 ?1.56% ?4.82% ?0.10% ?6.48%
3.50?? ?2.08% ?6.16% ?0.10% ?8.34%
4.00?? ?2.82% ?7.79% ?0.10% ?10.71%
4.50?? ?3.08% ?6.88% ?0.06% ?10.01%
5.00? ?3.09% ?6.08% ?0.07% ?9.24%
Total?? ?2.08% ?5.97% ?0.10% ?8.14%

*Harvey: 39 counties in TX; Irma: 55 counties in FL, PR, GA and US VI; and Maria: 51 counties in PR and US VI
About Ginnie Mae

Ginnie Mae is a wholly owned government corporation that attracts global capital into the housing finance system to support homeownership for veterans and millions of homeowners throughout the country. Ginnie Mae mortgage backed securities MBS programs directly support housing finance programs administered by the Federal Housing Administration, the Department of Veterans Affairs, the HUD Office of Public and Indian Housing, and the Department of Agriculture Rural Housing Service. Ginnie Mae is the only MBS to carry the explicit full faith and credit of the United States Government.

Contact: Michael Huff

(202) 475-4933

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Ginnie Mae

At Ginnie Mae, we help make affordable housing a reality for millions of low- and moderate-income households across America by channeling global capital into the nation's housing markets. Specifically, the Ginnie Mae guaranty allows mortgage lenders to obtain a better price for their mortgage loans in the secondary mortgage market. The lenders can then use the proceeds to fund new mortgage loans available. Without that liquidity, lenders would be forced to keep all loans in their own portfolio, meaning they would not have adequate capital to make new loans.

Unlike the GSEs, Ginnie Mae is profitable. We do not buy or sell loans or issue mortgage-backed securities (MBS). Therefore, our balance sheet doesn't use derivatives to hedge or carry long term debt.

Contact:

Phone: (202) 708-0926

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