Ginnie Mae mortgage-backed securities issuance totaled $39.95 billion in April, up $36.4 billion from March, according to data released by the government-owned enterprise.

Issuers securitized more than $31.20 billion in single-family loans in Ginnie Mae II pools, while also securitizing nearly $8.75 billion Ginnie I pools.

“Our monthly issuance has not dropped below $30 billion in more than one year, proving the importance of the Ginnie Mae MBS as a secondary market financing vehicle,” said Ted Tozer, president of Ginnie Mae.

He added, “Ginnie Mae continues to fill the void in the housing financing industry that was left by the exit of the private.”

In March, issuance for the Ginnie Mae Home Equity Conversion Mortgage-Backed Security (HMBS), included in Ginnie Mae II single-family pools, was $972 million.

Total single-family issuance for March amounted to $27.81 billion.

Additionally, issuance of multifamily MBS reached $2.15 billion for the month.