It wasn’t a big increase, but the Government National Mortgage Association managed to boost its monthly issuance. Residential activity was better, but commercial issuance was softer.
Last month, Ginnie Mae issued $26.1 billion in mortgage-backed securities, according to a report Wednesday.
June’s performance was slightly better than $25.4 billion in securitizations in May. But it fell short of $33.4 billion a year earlier.
During the entire first-half of 2011, total issuance was $163.4 billion.
The latest volume included $6.6 billion in issuance of Ginnie Mae I single-family pools, improving from $5.5 billion in May. But issuance of Ginnie Mae IIÂ single-family pools edged down to $17.3 billion from $17.5.
Securitizations of home-equity conversion mortgage MBS were $0.8 billion, about the same as the prior month.
Multifamily issuance took a small hit, declining to $1.5 billion from May’s $1.6 billion.
