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Ginnie Mae MBS Issuance Exceeds $76 Billion in October; Fourth Consecutive Month MBS Issuance Tops $70 Billion
Contact: Contact: Douglas Robinson
Douglas.R.Robinson@HUD.gov
(202) 475-7818
Published Date: 11/9/2020 8:45 AM

WASHINGTON, D.C. – Ginnie Mae mortgage-backed securities (MBS) continue to be a strong source of capital for America’s homeowners, with more than $76.4 billion of securities issued in October, up from $75.8 billion in September and $60 billion one year ago. The volume represents home financing for nearly 277,000 households.

“This is a year that continues to set records for Ginnie Mae and the households we finance,” said Seth Appleton, Principal Executive Vice President. “Investors around the world are attracted to the liquidity and value of the only government guaranteed MBS and the role it plays in keeping housing accessible and affordable for millions of families each year.”

A breakdown of October issuance of $76.44 billion includes $72.49 billion of Ginnie Mae II MBS and $3.95 billion of Ginnie Mae I MBS, which includes $3.85 billion of loans for multifamily housing.

Ginnie Mae's total outstanding principal balance as of October 31 was $2.118 trillion, flat with September 2020 and an increase from $2.10 trillion in October 2019.

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.