Washington, D.C. – Ginnie Mae announced today that it guaranteed $31.22 billion in mortgage-backed securities (MBS) in September 2013.
“Ginnie Mae remains a source of strength and stability for the housing industry,” said Ginnie Mae President Ted Tozer. “Our Multifamily MBS issuance increased nearly 30 percent from August, proudly demonstrating Ginnie Mae’s continued role in helping to stabilize local economies and bring jobs to communities.”
More than $27.54 billion in Ginnie Mae II single-family pools were issued in September, while Ginnie Mae I single-family pools totaled $3.68 billion. In addition, Ginnie Mae issued $2.48 billion in multifamily MBS in September. Issuance for the Ginnie Mae Home Equity Conversion Mortgage-Backed Securities (HMBS), included in Ginnie Mae II single-family pools, was $662 million.
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).