WASHINGTON, D.C. – Ginnie Mae mortgage-backed securities (MBS) issuance volume was $77.63 billion in May, the tenth consecutive month issuance exceeded $75 billion. Ginnie Mae MBS issuance illustrates the liquidity of the program and its value in meeting the mortgage needs of homebuyers and rental property owners. Approximately 288,158 homes and apartment units were financed by Ginnie Mae guaranteed MBS in May.
“The consistency and utility of the Ginnie Mae MBS program are demonstrated every day by Issuers and investors who choose the security in a competitive marketplace,” said Ginnie Mae Acting Executive Vice President Michael Drayne. “Our commitment to maintain a strong and flexible MBS program that produces the types of securities investors demand is the foundation of Ginnie Mae’s ability to finance affordable homeownership and rental housing.”
A breakdown of May issuance of $77.63 billion includes $72.83 billion of Ginnie Mae II MBS and $4.80 billion of Ginnie Mae I MBS, which includes $4.70 billion of loans for multifamily housing.
Ginnie Mae's total outstanding principal balance as of May 31 was $2.118 trillion, up from $2.105 trillion in April, and down from the May 2020 level of $2.149 trillion.
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.