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.
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For more information, visit www.ginniemae.gov.
