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_FULL-MReport_March2022

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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 Ginnie Mae Announces MBS Issuance of More Than $62 Billion Current MBS numbers have fallen short of the prior year, where approximately 242,793 homes and apartment units were financed in December of 2021. G innie Mae has released its January 2022 issuance volume, maintaining the strong liquidity of the program, and its value in meeting the financing needs of homeown- ers and rental property owners. An estimated 230,000 homes and apartment units were financed by Ginnie Mae and guaranteed mortgage-backed securities (MBS) in January. Ginnie Mae MBS issu- ance volume for January 2022 was $62.98 billion, almost a 6% decline from the December 2021 issuance of $66.84 billion. "The Ginnie Mae MBS program began 2022 strong and stable, as issuers financed more than 230,000 homes through sale of MBS to in- vestors around the world," Ginnie Mae President Alanna McCargo said. "In January, Ginnie Mae also saw growing interest from issuers and investors for the Extended Term MBS, a new pooling option available to support homeowners exiting forbearance with more af- fordable loan modifications as they recover from the economic effects of the pandemic." Current numbers have fallen short of the prior year, where approximately 242,793 homes and apartment units were financed in December of 2021. Ginnie Mae is- sued a new memorandum around the same time last year, with goals of assisting homeowners impacted by the pandemic toward econom- ic recovery by creating a more efficient process so servicers can help more homeowners transition from forbearance to permanent modification. In comparison, a breakdown of December 2021 issuance of $66.84 billion included: » $62.31 billion of those dollars for Ginnie Mae's II MBS » $4.53 billion of Ginnie Mae I MBS » Approximately $4.3 billion of loans for multifamily housing A breakdown of January 2022 issuance of nearly $63 billion includes: » $60.19 billion of Ginnie Mae II MBS and » $2.79 billion of Ginnie Mae I MBS » Approximately $2.63 billion in loans for multifamily housing At the end of January, Ginnie Mae's total outstanding principal balance was $2.168 trillion, up from $2.149 trillion in the prior month—and up from $2.109 tril- lion in January 2021.

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