Ginnie Mae has announced that it guaranteed more than $27.7 billion in mortgage-backed securities (MBS) in the month of July. Issuance for Ginnie Mae II single-family pools totaled over $18.21 billion in July. Issuance for the Ginnie Mae I single-family pools topped $7.26 billion and issuance for the Home Equity Conversion Mortgage MBS (HMBS) was more than $969 million in July. Total single-family issuance for July was more than $26.44 billion. Ginnie Mae’s multifamily MBS issuance was in excess of $1.30 billion.
“Ginnie Mae makes it possible for lenders to continue mortgage lending,” said Ginnie Mae President Ted Tozer. “By providing an outlet for the sale of government-insured products, we continue to be an essential element of the nation’s recovery efforts.”