Ginnie Mae Breaks Record with April MBS Issuance Volume

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Ginnie Mae says its mortgage-backed securities (MBS) issuance volume was a record $89.7 billion in April, up from $82.25 billion in March. Approximately 332,300 homes and apartment units were financed by Ginnie Mae-guaranteed MBS in April.

“Investors continue to add Ginnie Mae MBS to their fixed-income portfolios because of the high quality and liquidity of the securities,” says Ginnie Mae’s 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 April issuance of $89.7 billion includes $85.48 billion of Ginnie Mae II MBS and $4.22 billion of Ginnie Mae I MBS, which includes $4.16 billion of loans for multifamily housing.

Ginnie Mae’s total outstanding principal balance as of April 30 was $2.109 trillion, up from $2.095 trillion in March, and down slightly from the April 2020 level of $2.145 trillion.

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