With the resurgence in government-backed mortgage lending, Ginnie Mae is on course to issue some $200 billion in securities in fiscal year 2008, and might even surpass its previous record of $216 billion, according to Michael Frenz, Ginnie's executive vice president. In the first eight months of fiscal 2008, the agency has issued $112 billion in securities, including $21.5 billion worth in May alone, the Ginnie Mae official told the Mortgage Bankers Association's Government Housing and Loan Production Conference in Washington. This compares with $7.7 billion in May 2007, and a total of $85.1 billion in securities in all of fiscal 2007. The agency can be found on the Web at http://www.ginniemae.gov.
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