Ginnie Mae MBS Issuance Crosses the $27 Billion Mark in August
Ginnie Mae has announced that it has guaranteed more than $27.7 billion in mortgage-backed securities (MBS) in August. Issuance for Ginnie Mae II single-family pools led the way with over $17.75 billion, while Ginnie Mae I single-family pools totaled nearly $7.67 billion. Issuance for the Ginnie Mae Home Equity Conversion Mortgage-Backed Security (HMBS) was $844 million. Total single-family issuance for August was more than $26.26 billion. Ginnie Mae’s multifamily MBS issuance was over $1.50 billion. “Ginnie Mae’s continued high level of issuance activity provides liquidity to the marketplace and reflects the confidence our investors have in our mortgage-backed securities,” said Ginnie Mae President Ted Tozer. “Through our partnerships with investors and lenders, Ginnie Mae leverages private capital to make homeownership opportunities available across the nation.” 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).