Ginnie Mae guaranteed $36.8 billion in mortgage-backed securities in October.
Issuance for Ginnie Mae I single-family pools, single-issuer securities including mortgages with the same interest rates, totaled about $4.23 billion in October.
Ginnie Mae II single-family pools, multiple issuer pools, totaled more than $30.56 billion. Issuance for Home Equity Conversion Mortgage-Backed Securities, which was incorporated in Ginnie Mae II single-family pools, totaled at $707 million.
For October, single-family issuance was $34.79 billion, down from $37.275 billion last month. Ginnie Mae’s multifamily MBS issuance totaled $2.011 billion.
Ted Tozer, president of Ginnie Mae, said the MBS issuance of Ginnie Mae highlights its value to the ‘housing finance system.’
“We continue to be a strong and dependable supplier of capital that finances affordable single-family and multifamily housing across the nation,” he said.
Through MBS, Ginnie Mae finances housing mortgage programs run by the Federal Housing Administration, the Department of Veteran Affairs and the Department of Agriculture Rural Development Housing and Community Facilities Program.