WASHINGTON, D.C. – Ginnie Mae’s mortgage-backed securities portfolio outstanding grew for the 14th consecutive month in August, hitting $2.269 trillion, up from $2.248 trillion in July and $2.119 trillion last year. This growth was fueled by steady new issuance of Ginnie Mae MBS as homeowners found value in the government-backed mortgage market. New MBS issuance for August was $43.1 billion, supporting the financing of more than 146,000 homeowners and renters.
The August issuance includes $41.3 billion of Ginnie Mae II MBS and $1.73 billion of Ginnie Mae I MBS, including approximately $1.62 billion of loans for multifamily housing.
“The current housing market continues to present serious affordability challenges for many households. The lack of affordable supply is exacerbated by markedly higher interest rates from a year ago,” said Ginnie Mae President Alanna McCargo. “The growth in our MBS portfolio, however, shows continued participation in government-backed mortgage programs that provide access to credit for households that need lower down payments and affordable financing.”
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.