Ginnie Mae announced that it guaranteed $25.7 billion in mortgage-backed securities (MBS) in November 2013. More than $24 billion in Ginnie Mae II single-family pools were issued in November, while issuance of Ginnie Mae I single-family pools totaled $515 million. In addition, Ginnie Mae issued $1.16 billion in multifamily MBS in November. Issuance for the Ginnie Mae Home Equity Conversion Mortgage-Backed Securities (HMBS), included in Ginnie Mae II single-family pools, was $878 million.
“Ginnie Mae’s stabilizing presence in the industry is evident through its steady performance of MBS issuance,” said Ginnie Mae President Ted Tozer. “The explicit government guarantee of Ginnie Mae MBS provides the global market access to an MBS program rooted in transparency, standardization and accountability.”