Tag Archives: Ginnie Mae issuance up 21% from last year

Ginnie Mae issued $29.2 billion in mortgage bonds in March, up roughly 21% from the same month last year. Ginnie packages Federal Housing Administration and Veterans Affairs home loans into securities and guarantees timely payment of principal and interest to investors. The Ginnie Mae II single-family pools increased to $21.5 billion in March from $15.8 billion last year. Single-family Ginnie Mae I securities dipped to $5.3 billion from slightly more than $6 billion in March 2011. “Ginnie Mae has been a key component of the country’s economic recovery,” said Ginnie […]