Washington, D.C. – Ginnie Mae announced today that it guaranteed $25.7 billion in mortgage-backed securities (MBS) in November 2013.
“Ginnie Mae’s stabilizing presence in the industry is evident through its steady performance of MBS issuance,” said Ginnie Mae President Ted Tozer. “The explicit government guarantee of Ginnie Mae MBS provides the global market access to an MBS program rooted in transparency, standardization and accountability.”
More than $24 billion in Ginnie Mae II single-family pools were issued in November, while issuance of Ginnie Mae I single-family pools totaled $515 million. In addition, Ginnie Mae issued $1.16 billion in multifamily MBS in November. Issuance for the Ginnie Mae Home Equity Conversion Mortgage-Backed Securities (HMBS), included in Ginnie Mae II single-family pools, was $878 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).