WASHINGTON, D.C. – Ginnie Mae mortgage-backed securities (MBS) issuance volume was $74.29 billion in July 2021. 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 274,882 homes and apartment units were financed by Ginnie Mae guaranteed MBS in July 2021.
“Strong issuance and steady investor demand demonstrate the broad appeal and value of the Ginnie Mae MBS program and its role in financing affordable homeownership and rental housing,” said Ginnie Mae Acting Executive Vice President Michael Drayne. “Our commitment to maintaining an innovative MBS program that produces the types of securities investors demand and that Issuers can use to help consumers purchase homes in their communities is the foundation of all that we do.”
A breakdown of July 2021 issuance of $74.29 billion includes $70.19 billion of Ginnie Mae II MBS and $4.11 billion of Ginnie Mae I MBS, which in turn includes $3.99 billion of loans for multifamily housing.
Ginnie Mae's total outstanding principal balance as of July 31 was $2.121 trillion, up from $2.112 trillion in the prior month, and up slightly from $2.115 trillion in July 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.