The Government National Mortgage Association (Ginnie Mae) issued a record $939 billion in mortgage-backed securities (MBS) during fiscal year 2021, the association said today.
That included approximately $73 billion issued during September, the association said in a news release.
The record MBS issuance “reflects the strength and value of the Ginnie Mae program in meeting the mortgage needs of homebuyers and rental property owners,” it said in the release. Approximately 263,061 homes and apartment units were financed by Ginnie Mae guaranteed MBS in September, it said.
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