Washington, D.C. – Ginnie Mae announced today that it guaranteed $23.32 billion in mortgage-backed securities (MBS) in April 2014.
“Ginnie Mae’s strong Issuance record indicates that there is still a strong need for our robust presence in the housing finance market,” said Ginnie Mae President Ted Tozer. “It is essential that we remain committed to our important role of providing liquidity for affordable rental and homeownership opportunities in the United States as the MBS market and housing finance system continues to evolve,” said Tozer.
More than $21.66 billion in Ginnie Mae II single-family pools were issued in April, while Ginnie Mae I single-family pools totaled nearly $449 million. In addition, Ginnie Mae issued nearly $1.66 billion in multifamily MBS in April. Issuance for the Ginnie Mae Home Equity Conversion Mortgage-Backed Securities (HMBS), included in Ginnie Mae II single-family pools, was $395 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).