Ginnie Mae's MBS program reached $27.3 billion in January. For the full-year 2009, Ginnie Mae MBS issuance stands at $108.95 billion, compared with $43.3 for the first four months of full-year 2008.
Single-family MBS issuances by region are as follows: $7.3 billion from the West;
$4.6 billion from the Midwest; $5.1 billion from the Mid-Atlantic; $8.2 billion from the South; $1.3 billion from the Southwest; $1 million from Puerto Rico and the Virgin Islands
"Ginnie Mae was created to be there when the market needs it most and provide stability, and that is exactly what we are doing now," said Joseph J. Murin, president of Ginnie Mae, in a release from the agency. "Our steady increase in MBS issuance and recent actions by the Administration signal we are on the right path to help stabilize the financial industry and work through the housing downturn and credit crisis."
