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​Press Releases

Ginnie Mae Guarantees $22.93 Billion in MBS in January 2014
Contact: Gina B. Screen
(202) 475-7816
Gina.B.Screen@HUD.gov
Published Date: 2/13/2014
Washington, D.C. – Ginnie Mae announced today that it guaranteed $22.93 billion in mortgage-backed securities (MBS) in January 2014.

“Ginnie Mae continues to provide a steady, reliable source of capital for lenders originating government-backed mortgage loans,” said Ginnie Mae President Ted Tozer. “Our Issuers understand just how much investors value Ginnie Mae MBS, which guarantees that lenders will receive good pricing on the loans that are placed in pools backed by Ginnie Mae.”

More than $21.18 billion in Ginnie Mae II securities were issued in January, while issuance of Ginnie Mae I securities totaled $1.41 billion. In addition, Ginnie Mae guaranteed $1.41 billion in multifamily securities in January. Issuance for the Ginnie Mae Home Equity Conversion Mortgage-Backed Securities (HMBS), included in Ginnie Mae II single-family pools, was $711 million. Total single-family issuance was $21.52 billion for January.

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).