Skip to main content

Ginnie Mae MBS Issuance Hits the $35 Billion Mark in October

Nov 23, 2010

The Government National Mortgage Association (Ginnie Mae) has announced that it has guaranteed more than $35.5 billion in mortgage-backed securities (MBS) in October. “Our October issuance numbers underscore Ginnie Mae’s influence in the housing market,” said Ginnie Mae President Ted Tozer. “Our conservative approach to our business operations allows Ginnie Mae to inject much needed liquidity into the marketplace, while successfully protecting taxpayer and investor interests.” Issuance for Ginnie Mae II single-family pools totaled over $18.662 billion in October. Issuance for the Ginnie Mae I single-family pools topped $14.67 billion and issuance for the HECM Mortgage-Backed Security (HMBS) was more than $854 million in October. Total single-family issuance for October was more than $34.186 billion. Ginnie Mae’s multifamily MBS issuance was over $1.405 billion. Ginnie Mae raises capital from investors in the global credit markets to ensure liquidity for affordable rental and homeownership opportunities across the country. Its business is to finance housing mortgage programs run by the Federal Housing Administration (FHA), the U.S. Department of Veterans Affairs (VA), the Office of Public and Indian Housing (PIH), and the Department of Agriculture’s Rural Development Housing and Community Facilities Program (RD). For more information, visit www.ginniemae.gov.
About the author
Published
Nov 23, 2010
Co-Founder Mat Grella Terminated From NEXA

NEXA CEO Kortas states negotiations regarding the buyout will continue.

Mar 27, 2024
Comings And Goings At AmeriHome

Chief Operating Officer John Hedlund announced his retirement on Thursday in a LinkedIn post.

Mar 22, 2024
Rocket's Tim Birkmeier To Retire

Birkmeier is bidding farewell after a 28-year career at Rocket Companies.

Mar 21, 2024
How NAR’s Settlement Impacts Homebuying

While the settlement's silver lining is that homes are expected to become more affordable, many uncertainties loom over the housing market.

Mar 19, 2024
NAR Reaches $418 Million Settlement

The association agreed to give home sellers the option of compensating agents.

Mar 15, 2024
U.S. Non-Bank Mortgage Lenders Surge Amid Industry Consolidation, Fitch Ratings Reports

As smaller players exit the market, scaled originators like UWM and PennyMac Financial dominate, but challenges persist with low origination volume and pressured margins amidst rising interest rates.

Mar 14, 2024