Ginnie Mae MBS Reaches Nearly $39 Billion in May

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."