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Ginnie Mae Issuance Increases Again in May
Contact: Michael Huff
Michael.Huff@HUD.gov  
(202) 475-4933
Published Date: 6/1/2017 1:00 AM

WASHINGTON, D.C. – Ginnie Mae today announced that issuance of its mortgage back securities (MBS) totaled $38.284 billion in May, an increase from April’s issuance of $37.897 billion.

A breakdown of May’s issuance includes $36.042 billion of Ginnie Mae II MBS and $2.242 billion of Ginnie Mae I MBS, which provided access to $36.405 billion in capital for single family home loans and $1.879 billion for multifamily home loans.

Issuance in Fiscal Year 2017 to date is $259.205 billion, which puts Ginnie Mae on pace to surpass its MBS issuance for FY16. Ginnie Mae total outstanding unpaid principle balance increased to $1.8305 trillion, which is an increase from $1.683 trillion in May 2016.

For more information on monthly issuance, UPB balance, REMIC monthly issuance, and Global Market analysis, visit www.ginniemae.gov.

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.

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