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INVESTMENT GOVERNMENT PROPERTY PRESERVATION
Journal
GINNIE MAE
PROVIDES
MBS ISSUANCE
UPDATE
Ginnie Mae has reported that its
mortgage-backed securities (MBS) issuance
volume for October 2021 stood at $69.36
billion, down from September's issuance of
approximately $73 billion. Ginnie Mae MBS
issuance reflects the liquidity of the program
and its value in meeting the mortgage needs
of homebuyers and rental property owners.
Approximately 253,996 homes and apartment
units were financed by Ginnie Mae guaranteed
MBS in October.
"e consistency and value of the Ginnie
Mae MBS program for investors and issuers on
behalf of America's homeowners and renters is
illustrated in these results," Ginnie Mae Acting
EVP Michael Drayne said. "Our attention
to program details that make pooling loans,
issuing securities, and transmitting timely
payments to security holders efficient and
scalable for all stakeholders, ultimately benefits
families across the country."
A breakdown of Ginnie Mae's October
issuance of $69.36 billion includes $65.84
billion of Ginnie Mae II MBS and $3.52
billion of Ginnie Mae I MBS, which includes
approximately $3.4 billion of loans for
multifamily housing.
Ginnie Mae's total outstanding principal
balance as of September 30 was $2.135 trillion,
up from $2.126 trillion in the prior month,
and up slightly from $2.114 trillion in October
2020.
Ginnie Mae also reported that it has passed
through to investors a record $1 trillion in
principal and interest payments in fiscal year
2021.
"e past fiscal year broke MBS issuance
and investor payment records," Ginnie Mae
Office of Securities Operations SVP John
Daugherty said. "rough continuous attention
to maintaining and upgrading the operations
infrastructure of the MBS program, Ginnie
Mae and its business partners were able to
keep money flowing between investors and
homeowners and renters and help stabilize the
economy during a national emergency."
