Ginnie Mae Guarantees $23 Billion-Plus in MBS in April

Ginnie Mae announced that it guaranteed $23.32 billion in mortgage-backed securities (MBS) in April 2014. More than $21.66 billion in Ginnie Mae II single-family pools were issued in April, while Ginnie Mae I single-family pools totaled nearly $449 million. In addition, Ginnie Mae issued nearly $1.66 billion in multifamily MBS in April. Issuance for the Ginnie Mae Home Equity Conversion Mortgage-Backed Securities (HMBS), included in Ginnie Mae II single-family pools, was $395 million. “Ginnie Mae’s strong Issuance record indicates that there is still a strong need for our robust presence in the housing finance market,” said Ginnie Mae President Ted Tozer. “It is essential that we remain committed to our important role of providing liquidity for affordable rental and homeownership opportunities in the United States as the MBS market and housing finance system continues to evolve."