Ginnie Mae Guarantees $891 Million in HECM Loans in February

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.”

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Ginnie Mae issued $870 in HECM loans in the previous month. The total issuance during January was $35.3 billion.

See a summary of Ginnie Mae monthly issuance data.

Written by Elizabeth Ecker

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