Washington, D.C.—Ginnie Mae’s mortgage-backed securities (MBS) portfolio outstanding grew to $2.64 trillion as of September 2024. Additionally, Ginnie Mae issued $45.2 billion in total MBS, resulting in a net portfolio growth of $16.2 billion. This issuance supports the financing of over 132,000 households, including more than 61,000 first-time homebuyers, and approximately 65 percent of issuances reflected new home purchases.
Key Highlights from the September Issuance:
- $43.7 billion in Ginnie Mae II MBS.
- $1.6 billion in Ginnie Mae I MBS, including nearly $1.5 billion for multifamily housing loans.
- Year-to-date, Ginnie Mae has facilitated the pooling and securitization of nearly 491,000 loans for first-time homebuyers.
For detailed information on monthly MBS issuance, Unpaid Principal Balance, Real Estate Mortgage Investment Conduit issuance, and a broader analysis of global market analysis, visit Ginnie Mae Disclosure.
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. |