Ginnie Mae announced that its mortgage-backed securities (MBS) portfolio outstanding grew to $2.73 trillion as of March.
The March issuance encompassed $31.4 billion in Ginnie Mae II MBS and $1.7 billion in Ginnie Mae I MBS, including $1.6 billion for multifamily housing loans. Last month also saw the pooling and securitization of loans for more than 98,000 households, including 46,000 first-time homebuyers.
Ginnie Mae issued $33.2 billion in total MBS, resulting in a net portfolio growth of $5.9 billion. The agency stated it has facilitated the pooling and securitization of 146,000 loans for first-time homebuyers year to date.
