Issuance of mortgage-backed securities that are guaranteed by the Government National Mortgage Association was higher last month. The improvement was noted with securities backed by apartment loans and home loans.
Issuers of Ginnie Mae MBS securitized $26.4 billion during April, the Washington, D.C.-based firm reported Monday. Volume rose from March’s $24.1 billion in issuances.
But the small increase last month wasn’t enough to outpace April 2010’s volume of $32.6 billion.
From Jan. 1 through April 30, Ginnie Mae issuances amounted to $111.9 billion.
Last month’s issuance of Ginnie Mae IIÂ single-family pools was more than $17.85 billion, while Ginnie Mae I single-family issuance was $5.91 billion.
The government-owned corporation also issued more than $1 billion in MBS backed by home-equity conversion mortgages. March’s HMBS securitizations were less at $0.9 billion.
Multifamily issuance at Ginnie came in at more than $1.6 billion, improving from $1.3 billion in March and $1.0 billion in April of last year.