Skip to main content

NAMB’s strategic withdrawal of legal action against FHFA

Apr 01, 2009

Ginnie Mae mortgage-backed securities continue to surge MortgagePress.comGinnie Mae, mortgage-backed securities, Joseph Murin The Government National Mortgage Association (Ginnie Mae) has announced that the corporation posted $34.5 billion in total mortgage-backed securities (MBS) issuance in April. For the first four months of calendar year 2009, Ginnie Mae provided $124.18 billion of liquidity to the secondary market, compared to $58 billion for the first four months of 2008. "We are stable, secure, and steadily growing," said Joseph Murin, Ginnie Mae president. "Our issuance growth represents the trust our issuers and investors continue to have in Ginnie Mae securities. Providing a secure secondary market outlet for government-backed loans is absolutely critical as the economy continues to stabilize." Ginnie Mae I single-family pools led the way with more than $26 billion in MBS issuance, while Ginnie Mae II single-family pools totaled nearly $7 billion. Total single-family issuance for April soared past $33 billion. Ginnie Mae's multifamily MBS issuance was over $707 million. For the last 40 years, the industry has turned to the safety and comfort of Ginnie Mae MBS because its securities carry the full faith and credit backing of the United States Government. Ginnie Mae has provided homeownership opportunities for more than 30 million households by securing government-insured or guaranteed loans to the Federal Housing Administration, the Department of Veterans Affairs, the Department of Agriculture's Rural Development program, and the Department of Housing and Urban Development's Office of Public and Indian Housing. ------------------------------------------------------------------------------------------ For more information, visit www.ginniemae.gov.
About the author
Published
Apr 01, 2009
HUD Freezes Foreclosures On FHA Mortgages In Texas Flood Zone

Kerr County homeowners among hardest hit in disaster that’s claimed more than 100 lives

Jul 09, 2025
Fewer Canadians Hunt For U.S. Property

Largest component of international buyers in U.S. takes more than 25% hit

Jul 08, 2025
Fannie, Freddie Now Allow Lenders To Use VantageScore 4.0

Lenders will keep tri-merge credit scoring model; what this shift means

Fairway Independent Mortgage Corporation Announces Rebranding

Now Fairway Home Mortgage, company also donates $1M to support relief efforts in deadly Texas flooding

Jul 07, 2025
FHFA Chief Officially Calls For Investigation Of Federal Reserve Chairman Powell

Alleges Powell lied in testimony to Congress regarding Fed building renovations, says Fed Chair should be fired

BBB Will Impact Homeowners, Buyers

U.S. House and Senate must agree on certain tax, mortgage insurance premium deductions