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INVESTMENT GOVERNMENT PROPERTY PRESERVATION
GINNIE MAE
MBS MONTHLY
ISSUANCE REACHES
46B IN JUNE
Ginnie Mae has guaranteed more than
$46 billion in mortgage-backed securities
(MBS) in June, helping support affordable
homeownership and rental unit development
for more than 164,000 households. June's
issuance now brings the Ginnie Mae MBS
program balance outstanding to approximately
$2.233 trillion.
e June issuance includes $45 billion
of Ginnie Mae II MBS and $1.65 billion
of Ginnie Mae I MBS, which includes
approximately $1.46 billion of loans for
multifamily housing.
While new mortgage loan originations
were slightly down compared to May,
there was a net increase in securitized loan
production for the reporting period.
"Homebuyers are facing the toughest
housing market conditions we have seen in
many years," Ginnie Mae President Alanna
McCargo said. "Although mortgage rates have
moderated in recent weeks, the lack of enough
housing inventory continues to put pressure
on affordability for first time homebuyers and
renters."
"e recent launch of the Department of
Housing and Urban Development's housing
supply initiative, Our Way Home, is so critical
to boost the nation's affordable housing supply.
e initiative builds on the Biden-Harris
administration's housing supply Action Plan to
address communities' housing supply needs in
an equitable, inclusive and sustainable fashion,"
McCargo said. "Ginnie Mae is committed
to partnering with all of our stakeholders to
expand the availability of affordable housing
finance tools to support households across the
country."
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