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Ginnie Mae MBS Outstanding is $2.130 Trillion in June
Contact: Douglas Robinson
Douglas.R. Robinson@HUD.gov
(202) 475-7818
Published Date: 7/10/2020 12:00 PM

WASHINGTON, D.C. – Today, Ginnie Mae announced that issuance of its mortgage-backed securities (MBS) totaled $61.33 billion in June, providing financing for more than 231,000 homeowners and renters.

A breakdown of June issuance includes $58.22 billion of Ginnie Mae II MBS and $3.11 billion of Ginnie Mae I MBS, which includes $2.87 billion of loans for multifamily housing.

Ginnie Mae's total outstanding principal balance of $2.130 trillion is an increase from $2.076 trillion in June 2019.

“In June, Ginnie Mae continued to be the housing finance source that homeowners and renters rely on, helping more than 231,000 families secure safe and affordable housing,” said Ginnie Mae Principal Executive Vice President Seth Appleton. “MBS issuance in June exceeded $60 billion for the third consecutive month. Ginnie Mae’s report today illustrates that our program has the capacity and flexibility to align the capital needs of Issuers originating mortgages with investors around the world seeking high-quality assets, while minimizing risks to taxpayers.”

For more information on monthly MBS issuance, UPB balance, REMIC monthly issuance and global market analysis visit Ginnie Mae Disclosure.

About Ginnie Mae

Ginnie Mae is a wholly owned government corporation that attracts global capital into the housing finance system to support homeownership for veterans and millions of homeowners throughout the country. Ginnie Mae MBS programs directly support housing finance programs administered by the Federal Housing Administration, the Department of Veterans Affairs, the Department of Housing and Urban Development’s Office of Public and Indian Housing and the Department of Agriculture Rural Housing Service. Ginnie Mae is the only MBS to carry the explicit full faith and credit of the United States government.

Ginnie Mae I MBS are modified pass-through mortgage-backed securities for which registered holders receive separate principal and interest payments on each of their certificates. Ginnie Mae I securities can include single-family, multifamily, manufactured home and project construction loans.

Ginnie Mae II MBS are modified pass-through mortgage-backed securities for which registered holders receive an aggregate principal and interest payment from a central paying agent. An Issuer may participate in the Ginnie Mae II MBS either by issuing custom, single-Issuer pools or through participation in the issuance of multiple-Issuer pools, which combine loans with similar characteristics.