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Press Release​s​

Ginnie Mae Guarantees $39.08 Billion in MBS in September
Contact: Gina Screen
Published Date: 10/20/2012

​Washington, DC – Ginnie Mae announced today that it guaranteed $39.08 billion in mortgage-backed securities (MBS) in September.

“For the second consecutive month Ginnie Mae’s issuance is very close to $40 billion, reinforcing that there are still some challenges in the housing sector,” said Ginnie Mae President Ted Tozer. “These are challenges that Ginnie Mae is well-equipped to handle in order to stabilize the secondary market and continue the flow of capital into the housing market.”

Issuance for Ginnie Mae II single-family pools led the way with more than $31.144 billion, while Ginnie Mae I single-family pools totaled more than $6.131 billion. Issuance for Ginnie Mae Home Equity Conversion Mortgage-Backed Securities (HMBS), included in Ginnie Mae II single-family pools, came in at $600 million. Total single-family issuance for September was $37.275 billion. Ginnie Mae’s multifamily MBS issuance was more than $1.805 billion.

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 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).