Washington, D.C.—Ginnie Mae’s mortgage-backed securities (MBS) portfolio outstanding grew to $2.404 trillion in May, including $34 billion of total MBS issuance, leading to $14 billion of net growth. Issuance for this month was higher than April’s $33 billion, and significantly higher than March’s $28 billion.

May’s new MBS issuance supports the financing of more than 113,000 households, including more than 55,000 first-time homebuyers. Approximately 75 percent of the May MBS issuance reflects new mortgages that support home purchases, as refinance activity remained low due to higher mortgage rates.

For the 2023 calendar year to date, Ginnie Mae supported the pooling and securitization of more than 232,000 first-time homebuyer loans.

The May issuance includes $33 billion of Ginnie Mae II MBS and $1 billion of Ginnie Mae I MBS, including approximately $990 million in loans for multifamily housing.

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

Additional information about Ginnie Mae is available at https://www.ginniemae.gov and 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 mortgage-backed security (MBS) programs directly support housing finance programs administered by the Federal Housing Administration, the U.S. Department of Veterans Affairs, the U.S. Department of Housing and Urban Development’s Office of Public and Indian Housing, and the U.S. Department of Agriculture’s Rural Housing Service. Ginnie Mae is the only MBS to carry the explicit full faith and credit of the United States Government.​