Ginnie Mae - Government National Mortgage Association
11/18/2024 | Press release | Distributed by Public on 11/18/2024 10:41
Ginnie Mae Mortgage-Backed Securities Portfolio Reaches $2.658 Trillion in October
Washington, D.C.- Ginnie Mae's mortgage-backed securities (MBS) portfolio outstanding grew to $2.658 trillion as of October 2024. Additionally, Ginnie Mae issued $45.2 billion in total MBS, resulting in a net portfolio growth of $11.1 billion. This issuance supports the financing of over 133,000 households, including more than 55,000 first-time homebuyers, and approximately 59 percent of issuances reflect new home purchases.
Key Highlights from the October Issuance:
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$44.2 billion of Ginnie Mae II MBS.
- $1.0 billion of Ginnie Mae I MBS, including $932 million for multifamily housing loans.
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Year-to-date, Ginnie Mae has facilitated the pooling and securitization of nearly 546,000 loans for first-time homebuyers.
For detailed information on monthly MBS issuance, Unpaid Principal Balance, Real Estate Mortgage Investment Conduit issuance, and a broader analysis of global market analysis, visit Ginnie Mae Disclosure .
About Ginnie Mae
Ginnie Mae is a wholly government-owned corporation that attracts global capital into the housing finance system to support homeownership for veterans and millions of homeowners throughout the country. Ginnie Mae MBS programs directly support housing finance programs administered by the Federal Housing Administration, the U.S. Department of Veterans Affairs, the U.S. Department of Housing and Urban Development's Office of Public and Indian Housing, and the U.S. Department of Agriculture's Rural Housing Service. Ginnie Mae is the only MBS to carry the explicit full faith and credit of the U.S. Government.