Ginnie Mae’s MBS Portfolio Reaches $3.03T in September
Ginnie Mae announced mortgage-backed securities (MBS) portfolio outstanding grew to $3.03 trillion as of September.
Ginnie Mae said it issued $46.52 billion in total MBS, resulting in net portfolio growth of $20.92 billion. Ginnie Mae said it facilitated the pooling and securitization of 62,891 first-time homebuyer loans year to date.
Here are key highlights from the September issuance:
- $44.39 billion in Ginnie Mae II MBS.
- $2.12 billion in Ginnie Mae I MBS, including $2.09 billion for multifamily housing loans.
- The pooling and securitization of loans for more than 134,091 American households, including 62,891 first-time homebuyers.
Ginnie Mae, a wholly government-owned corporation, attracts global capital into the housing finance system to support homeownership for veterans and millions of homeowners throughout the United States.
Supports Housing Finance Programs
Ginnie Mae 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 U.S. Government.
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