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INVESTMENT GOVERNMENT PROPERTY PRESERVATION
Journal
GINNIE MAE
MBS PORTFOLIO
REACHES
2.25
TRILLION IN JULY
Ginnie Mae's outstanding mortgage-
backed securities portfolio grew for the 13th
consecutive month in July, hitting $2.252
trillion, up from $2.229 trillion in June and
$2.117 trillion one year ago. Growth in the
portfolio was fueled by steady new issuance
of Ginnie Mae MBS as homeowners found
value in the government-backed mortgage
market. New MBS issuance for July was $45.5
billion—down $500 million from June—
supporting the financing of more than 155,000
single-family homes and rental units.
e July issuance includes $43 billion
of Ginnie Mae II MBS and $2.01 billion
of Ginnie Mae I MBS, which includes
approximately $1.85 billion of loans for
multifamily housing.
"As Ginnie Mae celebrates 54 years of
being a consistent source of low-cost mortgage
liquidity, we continue to see steady growth
in our portfolio even in a changing and very
dynamic housing market," Ginnie Mae EVP
Sam Valverde said.
e decision comes after Ginnie Mae
guaranteed more than $46 billion in
mortgage-backed securities in June, helping
support affordable homeownership and rental
unit development for more than 164,000
households. e June issuance brought
the Ginnie Mae MBS program balance
outstanding to $2.233 trillion.
