Ginnie Mae issuance for HECM loans surpassed the $1 billion mark in April. At $1.029 billion, HMBS issuance saw a 9% increase over March issuance of $940 million. Historically, HMBS issuance has risen each month in 2011.
Total Ginnie Mae issuance of mortgage-backed securities during the month totaled more than $26.4 billion, up from $24.1 billion in March.
“The continuing demand for our MBS is proof that Ginnie Mae has served taxpayers well by supporting the economy in extraordinary ways,” said Ginnie Mae President Ted Tozer. “Issuance activity during the housing crisis has helped the Administration’s housing stability efforts by pumping about $1.1 trillion in liquidity into the U.S. housing mortgage finance market.”
Ginnie Mae II single-family issuance totaled more than $17.85 billion in April, with issuance for Ginnie Mae I single-family pools surpassing $5.91 billion. Total single-family issuance was more than $24.79 billion, and multi-family issuance reached $1.6 billion.
View the April Ginnie Mae issuance summary.
Written by Elizabeth Ecker