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INVESTMENT GOVERNMENT PROPERTY PRESERVATION
GINNIE MAE
REPORTS MONTHLY
288,000-PLUS
HOMES FINANCED
For the month of May 2021, Ginnie Mae
mortgage-backed securities (MBS) issuance
volume stood at $77.63 billion, the 10th
consecutive month issuance exceeded $75
billion. Ginnie Mae MBS issuance illustrates
the liquidity of the program and its value in
meeting the mortgage needs of homebuyers
and rental property owners. Approximately
288,158 homes and apartment units were
financed by Ginnie Mae guaranteed MBS in
May.
Ginnie Mae reported a record MBS
issuance in April 2021, with MBS volume
hitting $89.70 billion.
"e consistency and utility of the Ginnie
Mae MBS program are demonstrated every
day by Issuers and investors who choose
the security in a competitive marketplace,"
Ginnie Mae Acting EVP Michael Drayne
said. "Our commitment to maintain a strong
and flexible MBS program that produces
the types of securities investors demand is
the foundation of Ginnie Mae's ability to
finance affordable homeownership and rental
housing."
A breakdown of May issuance of $77.63
billion includes $72.83 billion of Ginnie Mae
II MBS and $4.80 billion of Ginnie Mae I
MBS, which includes $4.70 billion of loans
for multifamily housing. Ginnie Mae's total
outstanding principal balance as of May 31
was $2.118 trillion, up from $2.105 trillion in
April, and down from the May 2020 level of
$2.149 trillion.
Ginnie Mae continues to assist struggling
homeowners nationwide, as the Mortgage
Bankers Association (MBA) reported that
approximately 2.1 million U.S. homeowners
remain in forbearance plans. Of that total,
4.16% of overall volume are in forbearance
plans, with Ginnie Mae loans encompassing
a 5.54% share of total forbearances.
Journal
Ginnie Mae
continues to
assist struggling
homeowners
nationwide, as
the Mortgage
Bankers
Association
reported that
approximately
2.1 million U.S.
homeowners
remain in
forbearance
plans.
