Ginnie Mae MBS Outstanding Increases to $1.971 Trillion

Ginnie Mae MBS Outstanding Increases to $1.971 Trillion

WASHINGTON, D.C. – (RealEstateRama) — Ginnie Mae today announced that issuance of its mortgage-backed securities (MBS) totaled $37 billion in June.

A breakdown of May issuance includes $35.330 billion of Ginnie Mae II MBS and $1.669 billion of Ginnie Mae I MBS, which includes $1.025 billion of loans for multifamily housing.

Ginnie Mae

Ginnie Mae’s total outstanding principal balance of $1.971 trillion is an increase from $1.842 trillion in June 2017.

For more information on monthly issuance, UPB balance, REMIC monthly issuance and Global Market analysis, visit Ginnie Mae Issuance.

About Ginnie Mae
Ginnie Mae is a wholly-owned government corporation that attracts global capital into the housing finance system to support homeownership for veterans and millions of homeowners throughout the country. Ginnie Mae mortgage-backed securities (MBS) programs directly support housing finance programs administered by the Federal Housing Administration, the Department of Veterans Affairs, the HUD Office of Public and Indian Housing and the Department of Agriculture Rural Housing Service. Ginnie Mae is the only MBS to carry the explicit full faith and credit of the United States Government.

Ginnie Mae I MBS are modified pass-through mortgage-backed securities on which registered holders receive separate principal and interest payments on each of their certificates. Ginnie Mae I securities can include single family, multifamily, manufactured home and project construction loans.

Ginnie Mae II MBS are modified pass-through mortgage-backed securities for which registered holders receive an aggregate principal and interest payment from a central paying agent. An Issuer may participate in the Ginnie Mae II MBS either by issuing custom, single-Issuer pools or through participation in the issuance of multiple-Issuer pools, which combine loans with similar characteristics.

###

Contact: Douglas Robinson

(202) 475-7818

SHARE
Ginnie Mae

At Ginnie Mae, we help make affordable housing a reality for millions of low- and moderate-income households across America by channeling global capital into the nation's housing markets. Specifically, the Ginnie Mae guaranty allows mortgage lenders to obtain a better price for their mortgage loans in the secondary mortgage market. The lenders can then use the proceeds to fund new mortgage loans available. Without that liquidity, lenders would be forced to keep all loans in their own portfolio, meaning they would not have adequate capital to make new loans.

Unlike the GSEs, Ginnie Mae is profitable. We do not buy or sell loans or issue mortgage-backed securities (MBS). Therefore, our balance sheet doesn't use derivatives to hedge or carry long term debt.

Contact:

Phone: (202) 708-0926

Previous articleAlliance Announces 2018 Stars Of Energy Efficiency Award Winners
Next articleNorton to Testify Opposing All Anti-Home-Rule Riders to D.C. Appropriations Bill at Rules Committee Markup, Monday