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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.

The 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,” said Ginnie Mae Executive VP Sam Valverde.

The 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. The June issuance brought the Ginnie Mae MBS program balance outstanding to $2.233 trillion.

For more information on monthly MBS issuance, UPB balance, REMIC monthly issuance and global market analysis, visit the most recent Ginnie Mae Disclosure here.

About Author: Demetria Lester

Demetria C. Lester is a reporter for DS News and MReport magazines with more than eight years of writing experience. She has served as content coordinator and copy editor for the Los Angeles Daily News and the Orange County Register, in addition to 11 other Southern California publications. A former editor-in-chief at Northlake College and staff writer at her alma mater, the University of Texas at Arlington, she has covered events such as the Byron Nelson and Pac-12 Conferences, progressing into her freelance work with the Dallas Wings and D Magazine. Currently located in Dallas, Texas, Lester is an avid jazz lover and likes to read. She can be reached at [email protected].

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