Ginnie Mae guaranteed $47.1 billion of mortgage-backed securities in July, setting a monthly record.
The $47.1 billion total surpassed the $46.1 billion that Ginnie Mae guaranteed in July 2009.
Ginnie Mae is outpacing its rate of guarantees compared to last year. Through the first six months of 2015, Ginnie Mae guaranteed $346 billion of MBS, up from $242 billion a year earlier.
Ginnie Mae has been able to shift "from traditional depository institutions to new entrants, which have primarily been nondepositories," Ted Tozer, Ginnie Mae's president, said in a news release.
Government lending has risen and consumer demand should continue to follow suit, Ginnie Mae said. The Federal Housing Administration recently cut mortgage insurance premiums and rates remain competitive for FHA, VA and RHS loans.
Ginnie Mae's MBS portfolio currently stands at $1.57 trillion in unpaid principal balance.
