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Ginnie Mae Mortgage-Backed Securities Portfolio Ends Fiscal Year at $2.288 Trillion
Contact: GinnieMaecommunications@hud.gov
Published Date: 10/12/2022 3:40 PM

WASHINGTON, D.C.—Ginnie Mae’s mortgage-backed securities (MBS) portfolio outstanding grew for the 15th consecutive month in September, growing to $2.288 trillion, up from $2.265 trillion in August and $2.126 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 September was $42.6 billion, supporting the financing of more than 143,000 homeowners and renters. Ginnie Mae MBS supported financing for more than 64,000 first-time homebuyers in September.

The September issuance includes $40.77 billion of Ginnie Mae II MBS and $1.86 billion of Ginnie Mae I MBS, including approximately $1.73 billion of loans for multifamily housing.

“The past fiscal year saw a fast-changing housing market, with rapid upward movement in mortgage rates and record-setting national home price growth combining to put stress on the availability of affordable homeownership and rental housing,” said Ginnie Mae President Alanna McCargo. “Through these events, Ginnie Mae stayed true to our mission to link the global capital markets to lenders across America, especially benefiting first-time homebuyers.

For more information on monthly MBS issuance, UPB balance, REMIC monthly issuance, and global market analysis, visit Ginnie Mae Disclosure.

Additional information about Ginnie Mae is available at www.ginniemae.gov, on Twitter, YouTube, Facebook and LinkedIn​.

About Ginnie Mae

Ginnie Mae is an entirely government-owned 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.