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Ginnie Mae Helps Finance 189,000 Homes in March with More than $51 Billion in MBS Issuance
Contact: Ginniemaecommunications@hud.gov
Published Date: 4/12/2022 10:00 AM

WASHINGTON, D.C. – Ginnie Mae guaranteed mortgage-backed securities (MBS) financed more than 189,000 homes and apartment units in March 2022 with the month’s issuance volume reaching $51.18 billion.​

The March issuance includes $48.71 billion of Ginnie Mae II MBS and $2.47 billion of Ginnie Mae I MBS, which includes approximately $2.31 billion of loans for multifamily housing.

As of March 31, Ginnie Mae's total outstanding principal balance was $2.186 trillion, up from $2.175 trillion in February 2022 and $2.095 trillion in March 2021.

“March’s issuance volume shows Ginnie Mae MBS program continues to provide strong liquidity to meet the financing needs of homeowners and rental property owners,” said Ginnie Mae President Alanna McCargo. “With rising interest rates, we expect volumes to decline as affordability is challenged. In this current environment, we are steadfast in our mission to remain a consistent source of finance for affordable housing and to find innovative ways to expand access to credit.”

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.

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