Washington, D.C. – Ginnie Mae announced today that it guaranteed $35.30 billion in mortgage-backed securities (MBS) in August 2013.
“Ginnie Mae remains steadfast in helping to rebuild America’s housing finance system,” said Ginnie Mae President Ted Tozer. “Our MBS program is rooted in strength and stability and provides the global market with a consistent issuance of flexible products that respond to market changes.”
More than $29.2 billion in Ginnie Mae II single-family pools were issued in August, while Ginnie Mae I single-family pools totaled $4.16 billion. Issuance for the Ginnie Mae Home Equity Conversion Mortgage-Backed Securities (HMBS), included in Ginnie Mae II single-family pools, was $744 million. In addition, Ginnie Mae issued $1.91 billion in multifamily MBS in August.
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).