Ginnie Mae Guarantees $22 Billion-Plus in MBS in December

Ginnie Mae has announced that it has guaranteed $22.31 billion in mortgage-backed securities (MBS) in December 2013. In addition, the value of Ginnie Mae I multifamily pools increased from $1.16 billion to $1.58 billion. “Ginnie Mae takes great pride in helping to stabilize local economies and remains steadfast in our commitment to finance properties ranging from apartment buildings and nursing homes to hospitals and assisted living facilities.” said Ginnie Mae President Ted Tozer. “Our strong and vibrant multifamily MBS program illustrates our commitment to building communities by providing affordable housing for all Americans.” More than $20.41 billion in Ginnie Mae II securities were issued in December, while issuance of Ginnie Mae I securities totaled $1.89 billion. In addition, Ginnie Mae issued $1.09 billion in Multifamily PN Pools in December. Issuance for the Ginnie Mae Home Equity Conversion Mortgage-Backed Securities (HMBS), included in Ginnie Mae II single-family pools, was $826 million.