The Government National Mortgage Association (Ginnie Mae) announced that it has guaranteed more than $26.2 billion in mortgage-backed securities (MBS) in February. Issuance for Ginnie Mae II single-family pools totaled over $16.44 billion in February. Issuance for the Ginnie Mae I single-family pools topped $7.62 billion and issuance for the HECM Mortgage-Backed Security (HMBS) was more than $891 million in February. Total single-family issuance for February was more than $24.96 billion. Ginnie Mae’s multifamily MBS issuance was over $1.25 billion.
“The Ginnie Mae MBS continues to support homeownership and affordable rental properties for families in this tough economy,” said Ginnie Mae President Ted Tozer. “As a leader within the housing finance industry, Ginnie Mae continues to provide critical liquidity to the secondary market.”
Ginnie Mae raises capital from investors in the global credit 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, visist www.ginniemae.gov.