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

NationalMortgageProfessional.com
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.
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