WASHINGTON, D.C. – Ginnie Mae announced today that it passed through to investors a record $1 trillion in principal and interest payments in Fiscal Year 2021. The timely payment of scheduled principal and interest to investors who own Ginnie Mae MBS is a testament to the scalability and reliability of the mortgage-backed securities platform, no matter the market conditions.
“The past fiscal year broke MBS issuance and investor payment records,” said Office of Securities Operations Senior Vice President John Daugherty. “Through continuous attention to maintaining and upgrading the operations infrastructure of the MBS program, Ginnie Mae and its business partners were able to keep money flowing between investors and homeowners and renters and help stabilize the economy during a national emergency.”
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.