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Home >> News >> Government >> Ginnie Mae Guarantees Nearly $30B in MBS in March
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Ginnie Mae Guarantees Nearly $30B in MBS in March

Ginnie Mae Guarantees Nearly $30B in MBS in March

Ginnie Mae reported $29.23 billion in guarantees for mortgage-backed securities in March this year.


The company found Ginnie Mae II single-family pools on the way up with more than $21.56 billion in guarantees, alongside Ginnie Mae I single-family pools that totaled more than $5.34 billion.

Single-family issuance for March reached $27.78 billion, while issuance for Home Equity Conversion securities for Ginnie Mae II single-family pools arrived at $882 million for the month.

The company said that multifamily securities climbed to more than $1.4 billion.

""Ginnie Mae has been a key component of the country's economic recovery,"" Ginnie Mae President ""Ted Tozer"":http://portal.hud.gov/hudportal/HUD?src=/about/principal_staff/president_ginniemae_tozer said in a statement. ""Without Ginnie Mae providing liquidity via the secondary market for government-insured mortgage loans, the turmoil in the housing market would have been much worse.

""And, given Ginnie Mae's consistently high issuance levels, it is clear that issuers and investors are still depending upon Ginnie Mae,"" he added.

About Author: Ryan Schuette

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Ryan Schuette is a journalist, cartoonist, and social entrepreneur with several years of experience in real-estate news, international reporting, and business management. He currently lives in the Washington, D.C., area, where he freelances for DS News and MReport.

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