WASHINGTON, D.C. – Ginnie Mae reported today mortgage-backed securities (MBS) issuance volume for fiscal year 2021 was a record $939 billion, with issuance for September coming in at approximately $73 billion. Record Ginnie Mae MBS issuance reflects the strength and value of the Ginnie Mae program in meeting the mortgage needs of homebuyers and rental property owners. Approximately 263,061 homes and apartment units were financed by Ginnie Mae guaranteed MBS in September.
“It has been a remarkable year for the Ginnie Mae MBS program,” said Ginnie Mae Acting Executive Vice President Michael Drayne. “Our robust and flexible business platform enabled Ginnie Mae to attract record amounts of investment capital from around the world to finance affordable homeownership and rental housing for families across the country.”
A breakdown of September 2021 issuance of $72.88 billion includes $69.26 billion of Ginnie Mae II MBS and $3.63 billion of Ginnie Mae I MBS, which in turn includes approximately $3.5 billion of loans for multifamily housing.
Ginnie Mae's total outstanding principal balance as of September 30 was $2.130 trillion, up from $2.124 trillion in the prior month, and up slightly from $2.117 trillion in September 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.