Issuers of mortgage-backed securities that are guaranteed by the Government National Mortgage Association maintained an elevated level of activity last month thanks to a bump in multifamily business.
During June, there were $41.043 billion in Ginnie Mae MBS issued, according to operational data released by the government-owned company.
Securitizations were little changed from a month earlier, when MBS issuance totaled $41.034 billion.
But issuers bolstered business from June 2012, when volume totaled $34.652 billion.
June’s MBS volume was the third-highest month since December 2009, when issuance was $42.4 billion.
During the first half of this year, Ginnie Mae issuances amounted to $235.410 billion.
Since beginning is fiscal-year 2013 on Oct. 1, 2012, Ginnie’s volume totaled $354.712 billion.
Residential MBS issuance accounted for $38.712 billion of June’s total, down from $39.083 billion the prior month.
Last month’s residential activity included $0.855 billion in jumbo loans, jumping from $0.576 billion in May. But issuance of home-equity conversion mortgage MBS fell to $0.703 billion from $.0845 billion.
Total multifamily MBS issuance at Ginnie was $2.331 billion last month.
Multifamily activity improved from $1.951 billion in May.
