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 ‭(Hidden)‬ Ginnie Mae Breadcrumb

Press Release​s​

Ginnie Mae Reports March MBS Issuance of $82 Billion
Contact: Douglas Robinson
(202) 475-7818
Published Date: 4/8/2021 9:00 AM

WASHINGTON, D.C. – Ginnie Mae mortgage-backed securities (MBS) issuance volume was $82.25 billion in March, up from $77 billion issued in February. Issuance continues to be fueled by across-the-board demand for government-backed mortgages as consumers increase home refinance and home purchase volume during this period of very low interest rates. Approximately 294,072 homes and apartment units were financed by Ginnie Mae guaranteed MBS in March.

“The demand for high-quality, fixed-income assets like Ginnie Mae MBS continues to be a source of affordable financing for homeownership and rental housing,” said Ginnie Mae Acting Executive Vice President Michael Drayne. “Although mortgage rates have increased from their all-time lows, strong consumer appetite for the mortgage programs of our federal insuring and guaranteeing partners continues to drive home purchase and mortgage refinancing and fuel MBS issuance and investment.”

A breakdown of March issuance of $82.25 billion includes $76.81 billion of Ginnie Mae II MBS and $5.44 billion of Ginnie Mae I MBS, which includes $5.35 billion of loans for multifamily housing.

Ginnie Mae's total outstanding principal balance as of March 31 was $2.1 trillion, not significantly different from $2.105 trillion in February, and down slightly from the March 2020 level of $2.14 trillion.

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.