Ginnie Mae announced that it issued $57.3 billion in mortgage-backed securities (MBS) during April, resulting in net portfolio growth of $18.9 billion. As of the end of last month, its MBS portfolio outstanding grew to $2.93 trillion.
The April issuance included $55.3 billion in Ginnie Mae II MBS and $1.9 billion in Ginnie Mae I MBS, including $1.8 billion for multifamily housing loans. The agency said the pooling and securitization of loans in April benefited more than 160,000 households, including over 58,000 first-time homebuyers.
Ginnie Mae added that year-to-date, it has facilitated the pooling and securitization of more than 209,000 loans for first-time homebuyers.
0 Comments