Washington, D.C.—Ginnie Mae’s mortgage-backed securities (MBS) portfolio outstanding grew to $2.458 trillion in August, including $38.1 billion of total MBS issuance, leading to $18 billion of net growth. Issuance for this month was approximately the same as July’s $38.0 billion but lower than June’s $39.5 billion.

August’s new MBS issuance supports the financing of more than 123,000 households, including 59,000 first-time homebuyers. Approximately 76 percent of the August MBS iss​uance reflects new mortgages that support home purchases, as refinance activity remained low due to higher interest rates.

For the 2023 calendar year to date, Ginnie Mae supported the pooling and securitization of over 410,000 first-time homebuyer loans.

The August issuance includes $36.9 billion of Ginnie Mae II MBS and $1.2 billion of Ginnie Mae I MBS, including approximately $1.01 billion in loans for multifamily housing.

For more information on monthly MBS issuance, Unpaid Principal Balance (UPB), real estate investment conduit (REMIC) monthly issuance, and global market analysis, visit Ginnie Mae Disclosure.

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.