WASHINGTON, D.C. – Ginnie Mae guaranteed more than $46 billion in mortgage-backed securities (MBS) in June, helping support affordable homeownership and rental unit development for more than 164,000 households. June’s issuance brings the Ginnie Mae MBS program balance outstanding to $2.233 trillion.

The June issuance includes $45 billion of Ginnie Mae II MBS and $1.65 billion of Ginnie Mae I MBS, which includes approximately $1.46 billion of loans for multifamily housing.

While new mortgage loan originations were slightly down compared to May, there was a net increase in securitized loan production for the reporting period.

“Homebuyers are facing the toughest housing market conditions we have seen in many years,” said Ginnie Mae President Alanna McCargo. “Although mortgage rates have moderated in recent weeks, the lack of enough housing inventory continues to put pressure on affordability for first time homebuyers and renters.”

“The recent launch of the Department of Housing and Urban Development’s housing supply initiative, Our Way Home, is so critical to boost the nation’s affordable housing supply. The initiative builds on the Biden-Harris Administration’s housing supply Action Plan to address communities' housing supply needs in an equitable, inclusive and sustainable fashion,” said McCargo. “Ginnie Mae is committed ​to partnering with all of our stakeholders to expand the availability of affordable housing finance tools to support households across the country.”

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.