Skip Ribbon Commands
Skip to main content

​Press Releases

Ginnie Mae MBS Issuances Soar to Nearly $40 Billion in April 2013
Contact: Gina Screen
(202) 475-7816
Gina.B.Screen@HUD.gov
Published Date: 5/15/2013

Washington, D.C. – Ginnie Mae announced today that it guaranteed more than $39.95 billion in mortgage-backed securities (MBS) in April 2013.

“Our monthly issuance has not dropped below $30 billion in more than one year, proving the importance of the Ginnie Mae MBS as a secondary market financing vehicle,” said Ginnie Mae President Ted Tozer. “Ginnie Mae continues to fill the void in the housing financing industry that was left by the exit of the private.”

Issuance for Ginnie Mae II single-family pools led the way with more than $31.20 billion, while Ginnie Mae I single-family pools totaled nearly $6.61 billion. Issuance for the Ginnie Mae Home Equity Conversion Mortgage-Backed Security (HMBS), included in Ginnie Mae II single-family pools, was $972 million. Total single-family issuance for March was $37.81 billion. In addition, Ginnie Mae’s multifamily MBS issuance reached $2.146 billion for the month.

Ginnie Mae raises capital from investors in the global credit markets to ensure liquidity for affordable rental and homeownership opportunities across the country. Through its MBS, Ginnie Mae finances housing mortgage insurance programs run by the Federal Housing Administration (FHA), the Department of Veterans Affairs (VA), the Office of Public and Indian Housing (PIH), and the Department of Agriculture’s Rural Development Housing and Community Facilities Program (RD).