Ginnie Mae Guarantees $21 Billion-Plus in MBS in February

Ginnie Mae announced that it guaranteed $21.25 billion in mortgage-backed securities (MBS) in February 2014. “Ginnie Mae continues to provide stability to the U.S. housing finance system, during both times of crisis and recovery,” said Ginnie Mae President Ted Tozer. “Our Issuers recognize that our product provides flexibility to respond to market change and consistency rooted in transparency, accountability and standardization.” The number of Ginnie Mae I single and multifamily securities issued in February remained steady in February at $1.73 billion, including $227 million issued in Multifamily LM pools. During this same time, Issuance for the Ginnie Mae II securities was over $19.51 billion, with SF-Custom pool reaching $742 million.