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Ginnie Mae announced that issuance of its mortgage-backed securities (MBS) totaled $63.44 billion in May, providing financing for more than 235,000 homeowners and renters. A breakdown of May issuance includes $60.51 billion of Ginnie Mae II MBS and $2.94 billion of Ginnie Mae I MBS, which includes $2.77 billion of loans for multifamily housing.
Ginnie Mae's total outstanding principal balance of $2.152 trillion is an increase from $2.068 trillion in May 2019.
In April, Ginnie Mae announced that issuance of its MBS totaled $63.81 billion–an all-time record.
