Ginnie Mae has announced that it has guaranteed more than $26.4 billion in mortgage-backed securities (MBS) in April. Issuance for Ginnie Mae II single-family pools totaled more than $17.85 billion in April. Issuance for the Ginnie Mae I single-family pools topped $5.91 billion and issuance for the HECM MBS (HMBS) was more than $1 billion in April. Total single-family issuance for April was more than $24.79 billion. Ginnie Mae’s multifamily MBS issuance was over $1.6 billion.
“The continuing demand for our MBS is proof that Ginnie Mae has served taxpayers well by supporting the economy in extraordinary ways,” said Ginnie Mae President Ted Tozer. “Issuance activity during the housing crisis has helped the Administration’s housing stability efforts by pumping about $1.1 trillion in liquidity into the U.S. housing mortgage finance 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 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).