Ginnie Mae's issuance of mortgage-backed securities exceeded Fannie Mae's issuance in May for the first time since the late 1980s.

Ginnie Mae securitized $37.5 billion in single-family loans in May, edging out Fannie for top honors. Fannie issued $37.1 billion in MBS, while Freddie Mac issued $28.7 billion, according to an eMBS flash report.

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