Ginnie Mae Secures $31 Billion-Plus in MBS for September

Ginnie Mae announced that it guaranteed $31.22 billion in mortgage-backed securities (MBS) in September 2013. More than $27.54 billion in Ginnie Mae II single-family pools were issued in September, while Ginnie Mae I single-family pools totaled $3.68 billion. In addition, Ginnie Mae issued $2.48 billion in multifamily MBS in September. Issuance for the Ginnie Mae Home Equity Conversion Mortgage-Backed Securities (HMBS), included in Ginnie Mae II single-family pools, was $662 million. “Ginnie Mae remains a source of strength and stability for the housing industry,” said Ginnie Mae President Ted Tozer. “Our Multifamily MBS issuance increased nearly 30 percent from August, proudly demonstrating Ginnie Mae’s continued role in helping to stabilize local economies and bring jobs to communities.”