Government-approved lenders issued nearly $395 billion in Ginnie Mae MBS in calendar year 2012, up 20% from the prior year, according to new figures released by the Government National Mortgage Association.
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That was a good year. But it didn’t top 2009, when GNMA guaranteed nearly $454 billion in MBS, including $130.6 billion in one quarter.
In 2012, Ginnie issuance peaked at $110.7 billion in the third quarter.
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Ginnie Mae guarantees MBS backed by the Federal Housing Administration, Department of Veterans Affairs and Rural Housing Service loans.
