Ginnie Mae Guarantees $41 Billion-Plus in MBS

Ginnie Mae announced that it guaranteed more than $41.04 billion in mortgage-backed securities (MBS) in June 2013. Issuance for the Ginnie Mae Home Equity Conversion Mortgage-Backed Security (HMBS), included in Ginnie Mae II single-family pools, was $702 million. Total single-family issuance was $38.71 billion. In addition, Ginnie Mae’s multifamily MBS issuance reached $2.33 billion for the month. “This marks the second consecutive month that Ginnie Mae’s monthly issuance has topped $40 billion,” said Ginnie Mae President Ted Tozer. “The secondary market is still dependent upon the execution of the Ginnie Mae MBS to fulfill its liquidity needs.” Issuance for Ginnie Mae II single-family pools led the way with more than $31.88 billion, while Ginnie Mae I single-family pools totaled nearly $6.82 billion.