Ginnie Mae said that it has issued a record $34.5 billion in MBS in March, which brings its total to $89.7 billion in 2009, compared with $38.9 billion for the first three months of 2008.
Ginnie Mae I single-family pools led the way with $28.2 billion in MBS issuance. Its Ginnie Mae II single-family pools totaled $5.9 billion.
Total single-family issuance for March hit $34.1 billion. Ginnie Mae's multifamily MBS issuance remained steady at $334 million.
Single-family MBS issuances by region: $10.8 billion from the South, $8.7 billion from the West, $6.5 billion from the Midwest, $6.3 billion from the Mid-Atlantic, $1.6 billion from the Southwest,
and $2 million from Puerto Rico and the Virgin Islands
"As the housing market continues to find its footing, we're proud to announce that Ginnie Mae continues to lead by example," said Joseph Murin, Ginnie Mae president. "Our issuance volume this month, and for the year, represents our growing efforts to support the housing market and struggling homeowners during these turbulent times."