Washington, D.C. – Ginnie Mae announced today that it guaranteed $28.3 billion in mortgage-backed securities (MBS) in October 2013.
“Ginnie Mae’s consistent MBS issuance demonstrates our unwavering commitment to a stable, enduring housing finance system,” said Ginnie Mae President Ted Tozer. “Demand for Ginnie Mae MBS continues to be strong and we remain committed to offering products that meet the needs of our investors.”
More than $26.02 billion in Ginnie Mae II single-family pools were issued in October, while Ginnie Mae I single-family pools totaled nearly $575 million. In addition, Ginnie Mae issued $1.71 billion in multifamily MBS in October. Issuance for the Ginnie Mae Home Equity Conversion Mortgage-Backed Securities (HMBS), included in Ginnie Mae II single-family pools, was $761 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).