Ginnie Mae announced that its mortgage-backed securities (MBS) portfolio outstanding reached $2.74 trillion as of April.
The April issuance encompassed $42.2 billion in total MBS, resulting in a net portfolio growth of $10.6 billion. This included $40.7 billion in Ginnie Mae II MBS and $1.4 billion in Ginnie Mae I MBS, including $1.3 billion for multifamily housing loans.
Ginnie Mae said the pooling and securitization of loans for more than 125,000 households, including 58,000 first-time homebuyers. To date, Ginnie Mae has facilitated the pooling and securitization of 205,000 loans for first-time homebuyers.
