Ginnie Mae announced that it guaranteed $22.93 billion in mortgage-backed securities (MBS) in January 2014. More than $21.18 billion in Ginnie Mae II securities were issued in January, while issuance of Ginnie Mae I securities totaled $1.41 billion. In addition, Ginnie Mae guaranteed $1.41 billion in multifamily securities in January.
“Ginnie Mae continues to provide a steady, reliable source of capital for lenders originating government-backed mortgage loans,” said Ginnie Mae President Ted Tozer. “Our Issuers understand just how much investors value Ginnie Mae MBS, which guarantees that lenders will receive good pricing on the loans that are placed in pools backed by Ginnie Mae.”
Issuance for the Ginnie Mae Home Equity Conversion Mortgage-Backed Securities (HMBS), included in Ginnie Mae II single-family pools, was $711 million. Total single-family issuance was $21.52 billion for January.