WASHINGTON, D.C. – Approximately 191,000 homes and apartment units were financed by Ginnie Mae guaranteed mortgage-backed securities (MBS) in February 2022, indicating that the month’s issuance volume maintained the strong liquidity of the program and its value in meeting the financing needs of homeowners and rental property owners. Ginnie Mae’s MBS issuance volume for February 2022 was $53.01 billion.

“The release of February MBS pool factors and prepayment activity show encouraging results,” said Office of Capital Markets Senior Vice President John Getchis. “Noticeably, borrower default-related prepayments occurring in Ginnie Mae’s securities continue their trend of monthly declines. February’s default-related prepayments consisted of less than 29,000 loans, the lowest level since April 2020, and well below the 48,708 average of the preceding 12-months. This trend improves the value proposition of Ginnie Mae MBS relative to other fixed-income and MBS investments.”

A breakdown of February 2022 issuance of $53 billion includes $50.26 billion of Ginnie Mae II MBS and $2.75 billion of Ginnie Mae I MBS, which in turn includes approximately $2.59 billion of loans for multifamily housing.

As of February 28, Ginnie Mae's total outstanding principal balance was $2.179 trillion, up from $2.168 trillion in January 2022 and up from $2.106 trillion in February 2021.

For more information on monthly MBS issuance, UPB balance, REMIC mon​thly 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.