Ginnie Mae announced that its mortgage-backed securities (MBS) portfolio outstanding grew to $2.68 trillion as of November.
In addition, Ginnie Mae issued nearly $50 billion in total MBS, resulting in net portfolio growth of $23.4 billion. Within that total sum, $48.5 billion of the issuance involved Ginnie Mae II MBS and $1.4 billion consisted of Ginnie Mae I MBS, including $1.3 billion for multifamily housing loans.
“This issuance supports the financing of more than 145,000 households, including more than 58,000 first-time homebuyers,” said the agency in a statement. “Approximately 57% of single-family issuances reflected new home purchases.”
On a year-to-date bases, Ginnie Mae added it facilitated the pooling and securitization of nearly 605,000 loans for first-time homebuyers.
