Ginnie Mae guaranteed over $32.6 billion in MBS in April. The agency also reported that in March, 1.85% of the single-family loans in Ginnie Mae guaranteed securities were 90-days or more delinquent, down from 2.02% last February.
Ginnie Mae II single-family pool issuance totaled over $18.9 billion, while Ginnie Mae I single-family pools were $12.6 billion.
Total single-family issuance for April was more than $31.5 billion. Ginnie Mae's multifamily MBS issuance was over $1 billion, marking the second time in Fiscal Year 2010 that multifamily issuance reached this level.
"As we all know, these past few years have been most challenging for the housing market. Without missing a beat, Ginnie Mae has stepped up when the private sector couldn't to ensure millions of consumers had access to 30-year, fixed-rate mortgages." said Theodore Tozer, Ginnie Mae president. "This is evident in strong MBS issuances throughout the tough economic environment. It is our mission to infuse capital into the secondary market to help bring about a recovery."
