Ginnie Mae closes 2020 with December MBS volume at record $81.7 billion

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In December, Ginnie Mae mortgage-backed securities (MBS) issuance surged to above $81.7 billion, financing housing for more than 289,000 households. December was the sixth consecutive month that MBS issuance exceeded $70 billion.

A record 57 Ginnie Mae Platinum securities transactions occurred in December, totaling more than $3.5 billion.

“Investors demonstrated widespread demand for Ginnie Mae securities in December and throughout 2020,” said Executive Vice President Eric Blankenstein. “During a year of unprecedented business volume, Ginnie Mae seamlessly executed its mission to safely provide consistent liquidity to the government mortgage loan market, supporting the housing needs of millions of homeowners and renters.”

A breakdown of December issuance of $81.7 billion includes $76.7 billion of Ginnie Mae II MBS and $4.96 billion of Ginnie Mae I MBS, which includes $4.88 billion of loans for multifamily housing.

Ginnie Mae’s total outstanding principal balance as of December 31 was $2.11 trillion, essentially flat with November 2020 and down slightly from $2.118 trillion in December 2019.

For more information on monthly MBS issuance, UPB balance, REMIC monthly issuance and global market analysis visit Ginnie Mae Disclosure.