Ginnie Mae posted $38.98 billion in total MBS issuance in May. In the first five months of 2009, the agency issued approximately $163 billion compared with $80 billion in the first five months of 2008. Ginnie Mae I single-family pools had more than $28 billion in MBS volume while Ginnie Mae II single-family pools reached over $10 billion, bringing the total single-family issuance to over $38 billion. Ginnie Mae multifamily issuance was $319 million. "Our MBS program is continuing to experience phenomenal growth," said Joseph Murin, Ginnie Mae president. "Clearly, as the economy continues to find its footing, there is still a strong need for a safe, dependable security like the Ginnie Mae MBS."
Access to a full range of industry content, analysis and expert commentary.
No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.
Have an account? Sign In