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INVESTMENT GOVERNMENT PROPERTY PRESERVATION TECH
Journal
RECORD-BREAKING
MONTH FOR
MORTGAGE-BACKED
SECURITIES AT
GINNIE MAE
MBS issuances reached $70.04 billion, and
the dollar amount reflects a greater number of
families succeeding at homeownership.
Mortgage-backed securities (MBS) issued
by Ginnie Mae in July totaled a corporatewide
record of $70.04 billion. is translates to
financing for more than 261,000 homeowners
and renters, the agency reported.
"As mortgage rates reached new all-time
lows in July, and consumers moved to purchase
new homes or refinance existing mortgages,
Ginnie Mae was there to help them," Ginnie
Mae Principal EVP Seth Appleton said.
"e record-breaking MBS volume that
we saw in July is measured in dollars, but it
also is measured by the many households who
were for the first time able to take hold of the
American Dream of homeownership."
Ginnie Mae's breakdown of July issuance
includes $66.16 billion of Ginnie Mae II MBS
and $3.88 billion of Ginnie Mae I MBS, which
includes $3.69 billion of loans for multifamily
housing.
Ginnie Mae's total outstanding principal
balance of $2.118 trillion is an increase from
$2.080 trillion in July 2019.
Ginnie Mae'S MBS programs support
housing finance programs administered
by the Federal Housing Administration,
the Department of Veterans Affairs,
the Department of Housing and Urban
Development's Office of Public and Indian
Housing, and the Department of Agriculture
Rural Housing Service.
e Ginnie Mae Disclosure provides
more information on monthly MBS issuance,
unpaid principal balance, real estate mortgage
investment conduit monthly issuance, and
global market analysis.
