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MReport November 2021

TheMReport — News and strategies for the evolving mortgage marketplace.

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62 | M REPORT SECONDARY MARKET THE LATEST O R I G I NAT I O N S E R V I C I N G DATA G O V E R N M E N T S E C O N DA R Y M A R K E T Overview: Ginnie Mae Securities Issuance in 2021 Ginnie Mae reported mortgage-backed securities issuance volume for fiscal year 2021 was a record $939 billion, with issuance for September coming in at approximately $73 billion. A s the 2021 fiscal year comes to an end, Ginnie Mae has an- nounced that it issued a record $939 billion in mort- gage-backed securities (MBS). This number is up from the $748 billion it issued during the 2020 fiscal year. According to the press release, record issuance reflects the strength and value of the Ginnie Mae program in meeting the needs of homebuyers and rental property owners. Approximately 263,061 homes and apartment units were financed by Ginnie Mae in September alone. "It has been a remarkable year for the Ginnie Mae MBS pro- gram," Ginnie Mae Acting EVP Michael Drayne said. "Our robust and flexible business platform en- abled Ginnie Mae to attract record amounts of investment capital from around the world to finance affordable homeownership and rental housing for families across the country." A breakdown of what Ginnie Mae issued in September 2021 is as follows: of the total $72.88 bil- lion issued $69.26 billion of Ginnie Mae II MBS and $3.63 billion of Ginnie Mae I MBS, which in turn includes approximately $3.5 billion of loans for multifamily housing. Ginnie Mae's total outstanding principal balance as of September 30 was $2.130 trillion, up from $2.124 trillion in the prior month, and up slightly from $2.117 trillion in September 2020. "Our robust and flexible business platform enabled Ginnie Mae to attract record amounts of investment capital from around the world to finance affordable homeownership and rental housing for families across the country." —Michael Drayne, Acting EVP, Ginnie Mae

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