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Ginnie Mae details MBS hurricane exposure

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Ginnie Mae details MBS hurricane exposure

About 9.8% of the unpaid principal balance underlying Government National Mortgage Association's mortgage-backed securities are tied to properties in disaster areas affected by hurricanes Harvey, Irma and Maria.

These areas include the presidentially declared disaster areas in Texas, Florida, Georgia, Puerto Rico and the U.S. Virgin Islands. This number does not indicate the percentage of those properties that may have sustained damage during the storms.

In the affected areas, Ginnie Mae has $184.52 billion in total unpaid principal balance exposure.