Ginnie Mae announced the expansion of its mortgage-backed securities (MBS) portfolio to $2.76 trillion as of May.
Ginnie Mae said that it issued $48 billion in total MBS last month, resulting in net portfolio growth of $17.6 billion. This issuance encompassed $46.3 billion in Ginnie Mae II MBS and $1.7 billion in Ginnie Mae I MBS, including $1.5 billion for multifamily housing loans. Last month’s issuance resulted in the pooling and securitization of loans for more than 140,000 households, including 63,000 first-time homebuyers.
Year-to-date, Ginnie Mae facilitated the pooling and securitization of 268,000 loans for first-time homebuyers.
