Mortgage bankers issued $35.5 billion of Ginnie Mae-backed MBS in October, a 5% jump from September.

Single-family issuance totaled $34.2 billion with multifamily MBS accounting for $1.3 billion.

The secondary market agency guaranteed $413 billion of MBS in fiscal year 2010, which ended Sept. 30. Based on the current run-rate, 2011 could be a better year for the agency.

GNMA bonds are collateralized by Federal Housing Administration, Department of Veterans Affairs, and Rural Housing Services loans.

By comparison, Freddie Mac issued $38.4 billion of participation certificates and other MBS instruments in October. Fannie Mae will issue its October results shortly.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.