Ginnie Mae MBS Issuance Tops $38B In May

vernment National Mortgage Association (Ginnie Mae) posted $38.98 billion in total mortgage-backed securities (MBS) issuance in May. For the first five months of calendar year 2009, Ginnie Mae provided approximately $163 billion of liquidity to the secondary market, compared to nearly $80 billion for the first five months of 2008. ‘Our MBS program is continuing to experience phenomenal growth,’ says Joseph Murin, Ginnie Mae president. ‘Clearly, as the economy continues to find its footing, there is still a strong need for a safe, dependable security like the Ginnie Mae MBS.’ Ginnie Mae I single-family pools led the way, with more than $28 billion in MBS issuance, while Ginnie Mae II single-family pools totaled more than $10 billion. Total single-family issuance for May soared past $38 billion. Ginnie Mae's multifamily MBS issuance was $319 million. SOURCE: Gin

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