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Ginnie Mae Mortgage-Backed Securities Portfolio Grows by $23 Billion in October
Contact: Ginniemaecommunications@hud.gov
Published Date: 11/9/2022 1:45 PM

WASHINGTON, D.C.—Ginnie Mae’s mortgage-backed securities (MBS) portfolio outstanding grew to $2.3 trillion in October, boosted by $37 billion of total MBS issuance, leading to $23 billion of net growth.

October’s new MBS issuance supports the financing of more than 125,000 households, including more than 57,000 first-time homebuyers. Approximately 70 percent of October MBS issuance reflects new mortgages that support home purchases, as refinance activity continued to decline due to higher mortgage rates.

The October issuance includes $36.25 billion of Ginnie Mae II MBS and $1.43 billion of Ginnie Mae I MBS, including approximately $1.32 billion in loans for multifamily housing.

“Ginnie Mae’s role as an essential source of mortgage finance is clearly illustrated by the strong growth in our total portfolio and the large share of MBS supporting first-time homebuyers,” said Ginnie Mae President Alanna McCargo. “The steepest increase in mortgage rates in decades is a headwind for homebuyers, but Ginnie Mae’s guaranty and insuring agency partners are here with products and programs to help consumers achieve their dream of homeownership.”

For more information on monthly MBS issuance, UPB, REMIC monthly issuance, and global market analysis, visit Ginnie Mae Disclosure.

Additional information about Ginnie Mae is available at www.ginniemae.gov, on Twitter, YouTube​, Facebook and LinkedIn.

About Ginnie Mae

Ginnie Mae is an entirely government-owned 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 security (MBS) programs directly support housing finance programs administered by the Federal Housing Administration, the U.S. Department of Veterans Affairs, the U.S. Department of Housing and Urban Development’s Office of Public and Indian Housing, and the U.S. Department of Agriculture’s Rural Housing Service. Ginnie Mae is the only MBS to carry the explicit full faith and credit of the United States Government.