Ginnie Mae announced that it guaranteed more than $29.3 billion in mortgage-backed securities (MBS) in February.
“It is clear to everyone in the secondary market that Ginnie Mae plays a crucial role in our broader efforts to get America’s housing market and economy on the path to recovery.” said Theodore Tozer, Ginnie Mae president. “Our issuance volume represents the value of Ginnie Mae in support of the housing finance industry and struggling homeowners during these turbulent times.”
Ginnie Mae II single-family pools led the way with nearly $18 billion in MBS issuance, while Ginnie Mae I single-family pools totaled nearly $11 billion. Total single-family issuance for February was more than $ 28 billion. Ginnie Mae’s multifamily MBS issuance was more than $730 million.
Issuance of reverse mortgage MBS (HMBS) came in at $1.447 billion for February, up from $811 million in January.