Ginnie Mae has announced that it guaranteed $39.08 billion in mortgage-backed securities (MBS) in September.
Issuance for Ginnie Mae II single-family pools led the way with more than $31.144 billion, while Ginnie Mae I single-family pools totaled more than $6.131 billion. Issuance for Ginnie Mae Home Equity Conversion Mortgage-Backed Securities, included in Ginnie Mae II single-family pools, came in at $600 million. Total single-family issuance for September was $37.275 billion. Ginnie Mae's multifamily MBS issuance was more than $1.805 billion.
‘For the second consecutive month, Ginnie Mae's issuance is very close to $40 billion, reinforcing that there are still some challenges in the housing sector,’ says Ginnie Mae President Ted Tozer. ‘These are challenges that Ginnie Mae is well-equipped to handle in order to stabilize the secondary market and continue the flow of capital into the housing market.’