released its fiscal year 2024 Annual Financial Report, highlighting its financial results and demonstrating extraordinary performance in strengthening the U.S. housing finance market to ensure more Americans have meaningful opportunities to achieve homeownership.
During FY24, Ginnie Mae鈥檚 mortgage-backed securities (MBS) program supported 1.2 million households nationwide 鈥 including servicemembers, veterans, and first-time homebuyers 鈥 from urban centers to rural and tribal communities.聽
The MBS gross annual issuance totaled $423.4 billion, increasing Ginnie Mae鈥檚 outstanding portfolio to a record $2.64 trillion.
This performance generated $3.1 billion in results of operations, including a $1.3 billion contribution to the U.S. Government.
鈥淥nce again, our fiscal year results demonstrate Ginnie Mae鈥檚 ability to provide consistent access to affordable credit throughout all market cycles while delivering value to taxpayers,鈥 said 鈥淚n generating $3.1 billion net financial impact, including supporting 1.2 million households, Ginnie Mae proved how impactful our business can be in strengthening the housing finance market while generating superior financial results. Perhaps more amazing is that Ginnie Mae accomplishes this mission with fewer than 300 employees.鈥