Washington, D.C. – Ginnie Mae announced today that it guaranteed $22.31 billion in mortgage-backed securities (MBS) in December 2013. In addition, the value of Ginnie Mae I multifamily pools increased from $1.16 billion to $1.58 billion.
“Ginnie Mae takes great pride in helping to stabilize local economies and remains steadfast in our commitment to finance properties ranging from apartment buildings and nursing homes to hospitals and assisted living facilities.” said Ginnie Mae President Ted Tozer. “Our strong and vibrant multifamily MBS program illustrates our commitment to building communities by providing affordable housing for all Americans.”
More than $20.41 billion in Ginnie Mae II securities were issued in December, while issuance of Ginnie Mae I securities totaled $1.89 billion. In addition, Ginnie Mae issued $1.09 billion in Multifamily PN Pools in December. Issuance for the Ginnie Mae Home Equity Conversion Mortgage-Backed Securities (HMBS), included in Ginnie Mae II single-family pools, was $826 million.
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).