Ginnie Mae mortgage-backed securities issuance totaled more than $41.03 billion in May, up from $39.95 in April, according to data released by the government-owned enterprise.

Issuers securitized more than $31.30 billion in single-family loans in Ginnie Mae 11 pools, while also securitizing nearly $7.77 billion Ginnie I pools. 

“Clearly, there is still a need for Ginnie Mae’s strong presence in the housing finance industry, given the continued surge in our MBS issuances,” said Ginnie Mae President Ted Tozer.

He added, “The confidence expressed by Issuers and investors in our securities is very important to secondary market stability.”

In May, issuance for the Ginnie Mae Home Equity Conversion Mortgage-Backed Security (HMBS), included in Ginnie Mae II single-family pools, was $845 million.

Total single-family issuance for May amounted to $39.08 billion.

Additionally, issuance of multifamily MBS reached $1.95 billion for the month.