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Ginnie Mae MBS Issuance Tops $34 Billion in November

NationalMortgageProfessional.com
Dec 15, 2010

The Government National Mortgage Association (Ginnie Mae) has announced that it has guaranteed more than $34.3 billion in mortgage-backed securities (MBS) in November. “Our issuance has been steady over the last few months, approximately $30 to $35 billion per month,” said Ginnie Mae President Ted Tozer. “That represents a substantial percentage of the secondary mortgage market. This sustained activity demonstrates that investors understand and recognize the value of the Ginnie Mae MBS and the importance of the government guaranty.” Issuance for Ginnie Mae II single-family pools totaled over $18.45 billion in November. Issuance for the Ginnie Mae I single-family pools topped $13.88 billion and issuance for the HECM Mortgage-Backed Security (HMBS) was more than $870 million in November. Total single-family issuance for November was more than $33.20 billion. Ginnie Mae’s multifamily MBS issuance was over $1.16 billion. Ginnie Mae raises capital from investors in the global capital markets to ensure liquidity for affordable rental and homeownership opportunities across the country. Through its MBS, Ginnie Mae finances housing mortgage programs run by the Federal Housing Administration (FHA), the 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.
Published
Dec 15, 2010
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