Ginnie Mae guaranteed over $24.1 billion in MBS in March, the agency announced in a release today.
Meanwhile, Ginnie Mae II single-family pool issuance reached more than $15.84 billion for the month. Ginnie Mae I single-family pool issuance in March topped $6.02 billion. HECM MBS (HMBS) volume was over $940 million. Total single-family issuance over the month amounted to over $22.81 billion while the agency’s multifamily MBS issuance was more than $1.32 billion.
“The continued strong performance of the Ginnie Mae MBS reinforces the value of our full faith and credit guarantee and our solid execution to Issuers and investors,” said Ginnie Mae President Ted Tozer. “This stability is important as the housing finance industry, and the overall economy, continues to move toward a solid recovery.”