WASHINGTON, D.C. – Ginnie Mae mortgage-backed securities (MBS) issuance volume was a record $89.70 billion in April, up from $82.25 billion issued in March. Ginnie Mae MBS products and consumer-focused Issuers continue to meet the mortgage needs of homebuyers and rental property owners in the continuing low interest rate mortgage environment. Approximately 332,300 homes and apartment units were financed by Ginnie Mae guaranteed MBS in April.
“Investors continue to add Ginnie Mae MBS to their fixed-income portfolios because of the high-quality and liquidity of the securities,” said Ginnie Mae Acting Executive Vice President Michael Drayne. “Our commitment to maintain a strong and flexible MBS program that produces the types of securities investors demand is the foundation of Ginnie Mae’s ability to finance affordable homeownership and rental housing.”
A breakdown of April issuance of $89.70 billion includes $85.48 billion of Ginnie Mae II MBS and $4.22 billion of Ginnie Mae I MBS, which includes $4.16 billion of loans for multifamily housing.
Ginnie Mae's total outstanding principal balance as of April 30 was $2.109 trillion, up from $2.095 trillion in March, and down slightly from the April 2020 level of $2.145 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.