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Ginnie Mae Guarantees $38.27 Billion in MBS in January 2013
Contact: Gina Screen
(202) 475-7816
Published Date: 2/27/2013

Washington, D.C. – Ginnie Mae announced today that it guaranteed more than $38.27 billion in mortgage-backed securities (MBS) in January 2013.

“Ginnie Mae issuance has been consistently strong over the last several months,” said Ginnie Mae President Ted Tozer. “It is critical that we continue to play an important role in the secondary market as the housing finance industry struggles to recover.”

Issuance for Ginnie Mae II single-family pools led the way with more than $32.09, while Ginnie Mae I single-family pools totaled nearly $3.77 billion. Issuance for the Ginnie Mae Home Equity Conversion Mortgage-Backed Security (HMBS), included in Ginnie Mae II single-family pools, was $806 million. Total single-family issuance for January was $35.87 billion. In addition, Ginnie Mae’s multifamily MBS issuance reached $2.39 billion for the month.

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).​