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INVESTMENT GOVERNMENT PROPERTY PRESERVATION TECH
Journal
A 'RECORD-
BREAKING' YEAR
FOR MORTGAGE-
BACKED
SECURITIES
Ginnie Mae announced that it issued
$748 billion in MBSs in the fiscal year ending
September 30, which it said resulted in
more than "2.8 million households securing
affordable homeownership and rental housing."
e dollar amount, according to Ginnie Mae, is
a result of "historically low mortgage rates" and
a high demand for residential property.
Ginnie Mae said it delivered record-
breaking volume to finance its government
guaranteeing and insuring partners (the Federal
Housing Administration, U.S. Department
of Veterans Affairs, U.S. Department of
Agriculture, and HUD's Office of Public and
Indian Housing). e previous record, it said,
was $504 billion in 2017.
"2020 is a year that will stand out in the
record books for Ginnie Mae," said Seth
Appleton, Principal Executive Vice President.
"We attracted record capital to support
affordable homeownership and rental housing
opportunities for millions of American
households, advanced key modernization
initiatives, and responded swiftly to the
COVID-19 National Emergency, all while
operating in a remote environment. I am
proud of and grateful for the tremendous
contributions of the Ginnie Mae team who
made these accomplishments possible."
A breakdown of September issuance of
$75.76 billion includes: "$72.24 billion of
Ginnie Mae II MBS and $3.52 billion of
Ginnie Mae I MBS, which includes $3.36
billion of loans for multifamily housing. For the
fiscal year, $712.86 billion of Ginnie Mae II
and $35.66 billion of Ginnie Mae I MBS were
issued, including $30.74 billion in loans for
multifamily housing."
Ginnie Mae said its "total outstanding
principal balance at September 30 of $2.118
trillion is an increase from $2.093 trillion in
September 2019."
Visit Ginnie Mae Disclosure for more
information on monthly MBS issuance, UPB
balance, REMIC monthly issuance, and global
market analysis.
