Ginnie Mae announced that it has guaranteed more than $39.95 billion in mortgage-backed securities (MBS) in April 2013. Issuance for Ginnie Mae II single-family pools led the way with more than $31.20 billion, while Ginnie Mae I single-family pools totaled nearly $8.75 billion. Issuance for the Ginnie Mae Home Equity Conversion Mortgage-Backed Security (HMBS), included in Ginnie Mae II single-family pools, was $972 million. Total single-family issuance for March was $37.81 billion. In addition, Ginnie Mae’s multifamily MBS issuance reached $2.146 billion for the month.
“Our monthly issuance has not dropped below $30 billion in more than one year, proving the importance of the Ginnie Mae MBS as a secondary market financing vehicle,” said Ginnie Mae President Ted Tozer. “Ginnie Mae continues to fill the void in the housing financing industry that was left by the exit of the private.”