Ginnie Mae guaranteed more than $26.2 billion in mortgage-backed securities in February, including more than $891 million under the HECM program, according to the government corportation.
Single-family issuance during the month totaled nearly $25 billion and multi-family issuance was more than $1.25 million.
“The Ginnie Mae MBS continues to support homeownership and affordable rental properties for families in this tough economy,” said Ginnie Mae President Ted Tozer. “As a leader within the housing finance industry, Ginnie Mae continues to provide critical liquidity to the secondary market.”
Ginnie Mae issued $870 in HECM loans in the previous month. The total issuance during January was $35.3 billion.
Written by Elizabeth Ecker