Washington, D.C. – Ginnie Mae announced today that it guaranteed $21.25 billion in mortgage-backed securities (MBS) in February 2014.
“Ginnie Mae continues to provide stability to the U.S. housing finance system, during both times of crisis and recovery,” said Ginnie Mae President Ted Tozer. “Our Issuers recognize that our product provides flexibility to respond to market change and consistency rooted in transparency, accountability and standardization.”
The number of Ginnie Mae I single and multifamily securities issued in February remained steady in February at $1.73 billion, including $227 million issued in Multifamily LM pools. During this same time, Issuance for the Ginnie Mae II securities was over $19.51 billion, with SF-Custom pool reaching $742 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).