Ginnie Mae Posts $34.5B In MBS In April

vernment National Mortgage Association (Ginnie Mae) posted $34.5 billion in total mortgage-backed securities (MBS) issuance in April, the company says. For the first four months of calendar year 2009, Ginnie Mae provided $124.18 billion of liquidity to the secondary market, compared to $58 billion for the first four months of 2008. ‘We are stable, secure and steadily growing,’ says Joseph Murin, Ginnie Mae president. "Our issuance growth represents the trust our issuers and investors continue to have in Ginnie Mae securities. Providing a secure secondary market outlet for government-backed loans is absolutely critical as the economy continues to stabilize." Ginnie Mae I single-family pools led the way with more than $26 billion in MBS issuance, while Ginnie Mae II single-family pools totaled nearly $7 billion. Total single-family issuance for April passed $33 billion, and the company's multifamily MBS issuance was over $707 million. SOURCE: Gin

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