WASHINGTON, D.C.​​—Ginnie Mae's mortgage-backed securities (MBS) portfolio outstanding grew to $2.62 trillion in July, including $39.3 billion of total MBS issuance, leading to $15.5 billion of net growth. July's new MBS issuance supports the financing of more than 119,000 households, including more than 61,000 first-time homebuyers. Approximately 76 percent of the July MBS issuance reflects new mortgages that support home purchases because refinance activity remained low due to higher interest rates.

The July issuance includes $38.5 billion of Ginnie Mae II MBS and $742 million of Ginnie Mae I MBS, including $608 million in loans for multifamily housing.

For the 2024 calendar year to date, Ginnie Mae has supported the pooling and securitization of more than 368,000 first-time homebuyer loans.

For more information on monthly MBS issuance, Unpaid Principal Balance (UPB), real estate mortgage investment conduit (REMIC) monthly issuance, and global market analysis, visit the Ginnie Mae Disclosure page.

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 U.S. Government.​.

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