Today, Ginnie Mae announced that issuance of its mortgage-backed securities (MBS) totaled $63.44 billion in May, providing financing for more than 235,000 homeowners and renters.
A breakdown of May issuance includes $60.51 billion of Ginnie Mae II MBS and $2.94 billion of Ginnie Mae I MBS, which includes $2.77 billion of loans for multifamily housing.
Ginnie Mae’s total outstanding principal balance of $2.152 trillion is an increase from $2.068 trillion in May 2019.
“Ginnie Mae MBS issuance in May of more than $63 billion financed housing for more than 235,000 families,” said Ginnie Mae Principal Executive Vice President Seth Appleton. “The national economy relies on a strong housing finance system and we at Ginnie Mae are unwavering in our mission to ensure that money flows safely and consistently to communities across the United States while minimizing risks to taxpayers.”
Contact: Contact: Douglas Robinson