Ginnie Mae announced that it issued $54.9 billion in total mortgage-backed securities (MBS) during May, resulting in net portfolio growth of $20 billion.
Last month’s issuance included $52.9 billion in Ginnie Mae II MBS and $1.9 billion in Ginnie Mae I MBS, including $1.8 billion for multifamily housing loans. The pooling and securitization of loans encompassed more than 157,000 households, including more than 61,600 first-time homebuyers.
May’s issuance brings the agency’s MBS portfolio outstanding to $2.95 trillion. Year-to-date, Ginnie Mae facilitated the pooling and securitization of more than 271,000 loans for first-time homebuyers.
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