Ginnie Mae Issues $34.5B In MBS

Posted by Orb Staff on April 09, 2009 No Comments
Categories : Residential Mortgage

vernment National Mortgage Association (Ginnie Mae) says it issued a record $34.5 billion in mortgage-backed securities (MBS) in March, bringing a total of $89.7 billion of liquidity to market in 2009, versus $38.9 billion for the first three months of 2008. ‘As the housing market continues to find its footing, we're proud to announce that Ginnie Mae continues to lead by example,’ says Joseph Murin, Ginnie Mae president. "Our issuance volume this month, and for the year, represents our growing efforts to support the housing market and struggling homeowners during these turbulent times." Ginnie Mae I single-family pools led the MBS issuance pack, at $28.2 billion; Ginnie Mae II single-family pools totaled $5.9 billion; total single-family issuance for March hit $34.1 billion; and Ginnie Mae's multifamily MBS issuance was steady at $334 million. The government corporation also released issuance totals by region, as follows: [list]$10.8 billion from the South, *$8.7 billion from the West, *$6.5 billion from the Midwest, *$6.3 billion from the Mid-Atlantic, *$1.6 billion from the Southwest, and *$2 million from Puerto Rico and the Virgin Islands.[/list] SOURCE: Gin

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