Ginnie Mae Issuance Hits $43.5 Billion In June

Posted by Orb Staff on July 14, 2009 No Comments
Categories : Residential Mortgage

vernment National Mortgage Association (Ginnie Mae) issued more than $43 billion in mortgage-backed securities (MBS) in June – a feat the company has never before accomplished in its 41-year history. For the first six months of calendar year 2009, Ginnie Mae provided nearly $207 billion of liquidity to the secondary market, compared to nearly $107 billion for the first six months of 2008. ‘The extraordinary strength of our MBS program clearly demonstrates the continuing need for Ginnie Mae securities in the secondary market,’ said Joseph Murin, Ginnie Mae president, in a statement. Ginnie Mae I single-family pools led the way, with more than $29 billion in MBS issuance, while Ginnie Mae II single-family pools totaled nearly $14 billion. Total single-family issuance for May was more than $43 billion. Ginnie Mae's multifamily MBS issuance was $584 million. SOURCE: Gin

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