Ginnie Mae posted $34.5 billion in total MBS issuance for April, according to a release from the agency.
Thus far in 2009, Ginnie Mae has issued $124.18 billion, compared with $58 billion for the first four months of 2008.
Ginnie Mae I single-family pools took the lion's share with over $26 billion in MBS issuance, while Ginnie Mae II single-family pools totaled close to $7 billion. Total single-family issuance for April rose past $33 billion. Ginnie Mae's multifamily MBS issuance was above $707 million.
"We are stable, secure, and steadily growing," said Joseph Murin, Ginnie Mae president. "Our issuance growth represents the trust our issuers and investors continue to have in Ginnie Mae securities. Providing a secure secondary market outlet for government-backed loans is absolutely critical as the economy continues to stabilize."
