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Ginnie Mae MBS Outstanding Increases to $2.142 Trillion
Contact: Douglas Robinson
Douglas.R.Robinson@HUD.gov
(202) 475-7818
Published Date: 4/9/2020 10:00 AM

WASHINGTON, D.C. – Today, Ginnie Mae announced that issuance of its mortgage-backed securities (MBS) totaled $55.21 billion in March, providing financing for more than 211,000 homeowners and renters.

A breakdown of March issuance includes $52.51 billion of Ginnie Mae II MBS and $2.69 billion of Ginnie Mae I MBS, which includes $2.23 billion of loans for multifamily housing.

Ginnie Mae's total outstanding principal balance of $2.142 trillion is an increase from $2.058 trillion in March 2019.

“The Ginnie Mae MBS program is working for America’s families, facilitating an average of $55 billion in mortgage capital in each of the past eight months,” said Ginnie Mae Principal Executive Vice President Seth Appleton. “That consistency is an illustration of the reliability of our technology infrastructure, especially now as our staff and that of many of our business partners rely on remote connectivity to keep money flowing to our nation’s mortgage borrowers.”

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 on 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.

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