Business improved and defaults declined at the Government National Mortgage Association. Apartment loan guarantees climbed to more than $1 billion.
April issuances amounted to $32.6 billion at Ginnie Mae, a monthly report indicated.
Business jumped from $22.7 billion in March but was lower than $34.5 billion in April 2009.
Ginnie Mae IIÂ single-family pool issuance accounted for $18.9 billion of last month’s volume, while Ginnie Mae IÂ single-family pool securitizations were $12.6 billion.
Multifamily issuance was more than $1 billion, rising from less than $1 billion the previous month.
From Jan. 1, to April 30, issuances amounted to $122.7 billion. Since the beginning of the government’s fiscal year on Oct. 1, Ginnie has guaranteed $212.4 billion in mortgage-backed securities.
Residential delinquency of at least 90 days at the Washington, D.C.-based corporation declined to 1.85 percent in March from 2.02 percent a month earlier.
