Ginnie Mae guarantees over 26 Billion

By Stevie Duffin Updated on 9/25/2013

Over $26.4 billion in mortgage backed securities were guaranteed by Ginnie Mae last month.

That is an increase from $24.1 billion in March and $26.2 billion in February.

Ginnie Mae raises money from global investors in credit markets to ensure liquidity for affordable rental and homeownership opportunities. Ginnie guarantees the principal and interest payments to investors of MBS. The Federal Housing Administration or the Department of Veterans Affairs usually insure the underlying loans.

Here are the breakdowns for April:
Ginnie Mae II single-family: $17.85 billion
Ginnie Mae I single-family:  $5.91 billion
HECM MBS: more than $1 billion
Total single-family: $24.79 billion
Ginnie Mae multifamily: $1.6 billion