Ginnie Mae MBS Issuance Hits the $24 Billion in March

The Government National Mortgage Association (Ginnie Mae) has announced that it has guaranteed more than $24.1 billion in mortgage-backed securities (MBS) in March. Issuance for Ginnie Mae II single-family pools totaled over $15.84 billion in March. Issuance for the Ginnie Mae I single-family pools topped $6.02 billion and issuance for the home equity conversion mortgage (HECM) MBS (HMBS) was more than $940 million in March. Total single-family issuance for March was more than $22.81 billion. Ginnie Mae’s multifamily MBS issuance was over $1.32 billion. “The continued strong performance of the Ginnie Mae MBS reinforces the value of our full faith and credit guarantee and our solid execution to Issuers and investors,” said Ginnie Mae President Ted Tozer. “This stability is important as the housing finance industry, and the overall economy, continues to move toward a solid recovery.”