WASHINGTON, D.C. – Ginnie Mae mortgage-backed securities (MBS) issuance volume was $72.45 billion in June, the twelfth consecutive month volume has exceeded $70 billion. Ginnie Mae MBS issuance reflects the liquidity of the program and its value in meeting the mortgage needs of homebuyers and rental property owners. Approximately 272,280 homes and apartment units were financed by Ginnie Mae guaranteed MBS in June.
“Robust issuance and consistent investor demand demonstrate the utility of the Ginnie Mae MBS program and its role in supporting affordable homeownership and rental housing,” said Ginnie Mae Acting Executive Vice President Michael Drayne. “Our commitment to maintaining a strong and innovative MBS program that produces the types of securities investors demand and that Issuers can use to finance home loans in their communities is the foundation of Ginnie Mae’s mission.”
A breakdown of June issuance of $72.45 billion includes $68.98 billion of Ginnie Mae II MBS and $3.47 billion of Ginnie Mae I MBS, which in turn includes $3.37 billion of loans for multifamily housing.
Ginnie Mae's total outstanding principal balance as of June 30 was $2.117 trillion, up from $2.114 trillion in May, and down slightly from $2.125 trillion in June 2020.
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.