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INVESTMENT GOVERNMENT PROPERTY PRESERVATION
GINNIE MAE
MBS ISSUANCE
SURPASSES
62B
Ginnie Mae has released its January 2022
issuance volume, maintaining the strong
liquidity of the program, and its value in
meeting the financing needs of homeowners
and rental property owners. An estimated
230,000 homes and apartment units were
financed by Ginnie Mae and guaranteed
mortgage-backed securities (MBS) in January.
Ginnie Mae MBS issuance volume for January
2022 was $62.98 billion, almost a 6% decline
from the December 2021 issuance of $66.84
billion.
"e Ginnie Mae MBS program began
2022 strong and stable, as issuers financed
more than 230,000 homes through sale of
MBS to investors around the world," Ginnie
Mae President Alanna McCargo said. "In
January, Ginnie Mae also saw growing interest
from issuers and investors for the Extended
Term MBS, a new pooling option available
to support homeowners exiting forbearance
with more affordable loan modifications as
they recover from the economic effects of the
pandemic."
Current numbers have fallen short of
the prior year, where approximately 242,793
homes and apartment units were financed in
December of 2021. Ginnie Mae issued a new
memorandum around the same time last year,
with goals of assisting homeowners impacted
by the pandemic toward economic recovery by
creating a more efficient process so servicers
can help more homeowners transition from
forbearance to permanent modification.
In comparison, a breakdown of December
2021 issuance of $66.84 billion included:
» $62.31 billion of those dollars for Ginnie
Mae's II MBS
» $4.53 billion of Ginnie Mae I MBS
» Approximately $4.3 billion of loans for
multifamily housing
A breakdown of January 2022 issuance of
nearly $63 billion includes:
» $60.19 billion of Ginnie Mae II MBS
» $2.79 billion of Ginnie Mae I MBS
» Approximately $2.63 billion in loans for
multifamily housing
At the end of January, Ginnie Mae's total
outstanding principal balance was $2.168
trillion, up from $2.149 trillion in the prior
month—and up from $2.109 trillion in January
2021.
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