Ginnie Mae mortgage-backed securities (MBS) issuance volume was $72.45 billion in June, the twelfth consecutive month volume has exceeded $70 billion.
Approximately 272,280 homes and apartment units were financed by Ginnie Mae guaranteed MBS during the month.
“Robust issuance and consistent investor demand demonstrate the utility of the Ginnie Mae MBS program and its role in supporting affordable homeownership and rental housing,” says Ginnie Mae Acting Executive Vice President Michael Drayne. “Our commitment to maintaining a strong and innovative MBS program that produces the types of securities investors demand and that Issuers can use to finance home loans in their communities is the foundation of Ginnie Mae’s mission.”
A breakdown of June issuance of $72.45 billion includes $68.98 billion of Ginnie Mae II MBS and $3.47 billion of Ginnie Mae I MBS, which in turn includes $3.37 billion of loans for multifamily housing.
Ginnie Mae’s total outstanding principal balance as of June 30 was $2.117 trillion, up from $2.114 trillion in May, and down slightly from $2.125 trillion in June 2020.
