Ginnie Mae

Energy Environment Labor Obama Education ARRA By state more...

FHA Settles $756 Million Deal to Construct State of the Art Hospital in New Jersey

By admin - Posted on April 9th, 2009

Capital Health Project is the largest in History of HUD’s FHA

WASHINGTON, DC, April 8, 2009 -- In the largest single transaction of its 75 year history, the Federal Housing Administration today announced that it has finalized a deal to insure a $756 million mortgage for Capital Health of Trenton, New Jersey. The loan is made possible through the FHA's Section 242 Hospital Mortgage Insurance Program. It will allow Capital Health to construct a new 223-bed hospital in Hopewell Township to replace the existing Mercer Medical Center. » read more »

Ginnie Mae Guarantees First Home Equity Conversion Mortgage Mortgage-Backed Security

By newsdesk - Posted on November 12th, 2007

Issuance is First Security Backed by FHA Home Equity Conversion Mortgage Loans

November 9, 2007 -- Washington, DC - Today, the Government National Mortgage Association (Ginnie Mae) announced the first issuance of its new Home Equity Conversion Mortgage (HECM) Mortgage-Backed Security (HMBS). The $116 million issuance is the first-ever government-guaranteed mortgage-backed security collateralized by Federal Housing Administration (FHA) insured reverse mortgages (HECM). » read more »