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Ginnie Mae Issuance Tops $33 Billion in June

The ""Government National Mortgage Association"":http://www.ginniemae.gov/ (Ginnie Mae) guaranteed more than $33.4 billion in mortgage-backed securities (MBS) in June.

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Total single-family issuance for March was more than $32.4 billion. Ginnie Mae II single-family pools totaled nearly $20.1 billion, and Ginnie Mae I single-family pools

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came in at $12.3 billion. In addition, the association's multifamily MBS issuance was just over $1 billion.

""Ginnie Mae is continuing to provide liquidity to the housing finance market while protecting the American taxpayer and the interests of our investors,"" said Theodore Tozer, Ginnie Mae president. ""We are anticipating the needs of the market, issuers, and investors; I am proud to say this translates into helping to sustain homeownership and rental housing for millions of families across the country.""

According to the association, the industry has continued to turn to the safety and security of Ginnie Mae MBS for the last 40 years. This, Ginnie Mae said, has allowed it to provide homeownership opportunities for millions of American households by securitizing loans insured or guaranteed by the Federal Housing Administration, the Department of Veterans Affairs, the Department of Agriculture's Rural Development, and HUD's office of Public and Indian Housing.

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