Ginnie Mae Completes Record-Setting Year

Ginnie Mae issued a record $748 billion in mortgage-backed securities during the recently completed fiscal year, nearly 50 percent higher than the previous record, the government-owned housing corporation announced Wednesday. Ginnie Mae, which is the largest source of mortgage funding for first-time homebuyers, helped more than 2.8 million households secure homeownership or rental housing. The previous record was $504 billion in 2017. “2020 is a year that will stand out in the record books for Ginnie Mae,” Principal Executive Vice President Seth Appleton said. “We attracted record capital to support affordable homeownership and rental housing opportunities for millions of American households, advanced key modernization initiatives, and responded swiftly to the COVID-19 National Emergency, all while operating in a remote environment.”…

Ginnie Mae Issues $63.44 Billion In MBS In May

Ginnie Mae announced today that its total outstanding principal balance in May was $2.15 trillion – up from $2.07 trillion a year earlier. Ginnie Mae also said it issued $63.44 billion in mortgage-backed securities in May, providing financing for more than 235,000 homeowners and renters. “Ginnie Mae MBS issuance in May of more than $63 billion financed housing for more than 235,000 families,” Ginnie Mae Principal Executive Vice President Seth Appleton said. “The national economy relies on a strong housing finance system and we at Ginnie Mae are unwavering in our mission to ensure that money flows safely and consistently to communities across the United States while minimizing risks to taxpayers.” Ginnie Mae is a wholly owned government corporation that…