Ginnie Mae MBS issuance above $27 billion in August

Ginnie Mae guaranteed $27.7 billion in mortgage-backed securities in August, the same total as the previous month. The company guarantees timely payment of principal and interest on securities backed mostly by Federal Housing Administration and Veterans Affairs mortgages. In the first quarter, Fannie Mae, Freddie Mac and Ginnie combined for 97% of all MBS issuance as the [...]...