Ginnie Mae MBS Issuance Tops $26 Billion in April – NMP Skip to main content

Ginnie Mae MBS Issuance Tops $26 Billion in April

NationalMortgageProfessional.com
May 24, 2011

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).
Published
May 24, 2011
Homeward Lays Off 20% Of Staff

Alternative real estate financing company cut about 120 jobs.

Industry News
Aug 12, 2022
Lone Peak Lending Joins Panorama Mortgage Group

Names Donovan Stamps as president.

Industry News
Aug 11, 2022
Fairway Independent Mortgage Hires Former PrimeLending President

Firm says Scott Bristol is part of aggressive originator expansion.

Career
Aug 11, 2022
Mortgage Rates Jump Back Above 5%

Freddie Mac says rates recent volatility continues.

Industry News
Aug 11, 2022
Redfin: Share Of Relocating Buyers At All-Time High In July

People are looking for less expensive and better lifestyles.

Industry News
Aug 11, 2022
Redfin Expands iBuying Business To Florida

RedfinNow, which makes cash offers for homes, now operates in 34 markets in 16 states and the District of Columbia.

Tech
Aug 11, 2022