Ginnie Mae - Government National Mortgage Association

07/09/2024 | Press release | Distributed by Public on 07/09/2024 09:38

Ginnie Mae Mortgage-Backed Securities Portfolio Reached $2.60 Trillion in June

Washington, D.C.-Ginnie Mae's mortgage-backed securities (MBS) portfolio outstanding grew to $2.60 trillion in June, including $36.7 billion of total MBS issuance, leading to $16.0 billion of net growth. June's new MBS issuance supports the financing of more than 113,000 households, including more than 57,000 first-time homebuyers. Approximately 74 percent of the June MBS issuance reflects new mortgages that sup​​​ port home purchases because refinance activity remained low due to higher interest rates.

The June issuance includes $35.6 billion of Ginnie Mae II MBS and $1.1 billion of Ginnie Mae I MBS, including $944 million in loans for multifamily housing.

For the 2024 calendar year to date, Ginnie Mae has supported the pooling and securitization of more than 306,000 first-time homebuyer loans.

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

Additional information about Ginnie Mae is available at www.ginniemae.gov and on X (formerly 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 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.