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Mortgage Backed Securities | MBS News | MBS Statistics
News about commercial and residential mortgage-backed securities. Stories about ratings actions and changes to servicer ratings. Studies and reports about the performance of securitizations and problem vintages and classes. Subprime, Alt-A, home equity and j u m b o analysis.
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| Ginnie's Jumbo Issuance Jumps to 2.5-Year High
December MBS issuance up 2% from November
Jan. 9, 2015
By Mortgage Daily staff
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It's been more than two-and-a-half years since issuance of jumbo mortgage-backed securities at the Government National Mortgage Association has been this high.
Ginnie Mae closed out 2014 with $28.475 billion in total mortgage-backed securities issuance during December, according to operational data.
The Washington-based company nudged volume up from
the previous month's $27.787 billion.
Securitizations also increased from the final month of 2013, when $22.306 billion in MBS was issued on behalf of the government-owned corporation.
During all of 2014, issuers of Ginnie Mae securities issued $313.491 billion in MBS, falling short of the $417.385 billion in 2013.
During the first three months of Ginnie's fiscal-year 2015, volume amounted to $87.653 billion.
December 2014 issuances included $26.779 billion in residential loans, slightly more than the previous month's $26.329 billion and much better than the $20.728 billion in residential issuances a year earlier.
Last month's residential activity included
$1.130 billion in jumbo issuances -- the most since May 2012, when $1.165 billion in jumbo loans were securitized.
Also included in December's residential volume was $0.648 billion in home-equity conversion mortgages.
Ginnie's multifamily issuances climbed to $1.696 billion from $1.458 billion in November and $1.578 billion in December 2013.
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Ginnie Mae profile
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Reverse Mortgage News
Home equity conversion mortgages, HECM lenders and HECM reports. Reverse mortgage lending issues, analysis and compliance.
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Jumbo Mortgage News
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