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Ginnie Mae’s mortgage-backed securities (MBS) portfolio outstanding grew to $2.280 trillion in December, including $31.14 billion of total MBS issuance for the month of December, leading to $19 billion of net growth and a new record end-of-year balance.
December new MBS issuance supports the financing of more than 107,000 households, including more than 49,000 first-time homebuyers. Approximately 70% of the December MBS issuance reflects new mortgages that support home purchases, as refinance activity remained low due to higher mortgage rates.
The December issuance includes $29.45 billion of Ginnie Mae II MBS and $1.69 billion of Ginnie Mae I MBS, including approximately $1.57 billion in loans for multifamily housing.
For the 2022 calendar year, Ginnie Mae supported the pooling and securitization of more than 730,000 first-time homebuyer loans.
For more information on monthly MBS issuance, UPB, REMIC monthly issuance, and global market analysis, visit Ginnie Mae Disclosure here.
To read the full release, including more information, click here.
