A month-over-month gain in securitizations was made by the Government National Mortgage Association, and jumbo activity led the improvement.
During April, issuance of mortgage-backed securities on behalf of government-owned Ginnie Mae worked out to $41.037 billion.
Securitization activity accelerated compared to a month earlier, when MBS issuance came to $33.750 billion.
Those statistics, along with more detailed metrics, were based on monthly operational data that was reported by the Washington-based organization.
Business came up just short, however, of MBS issuance in
the same month last year, when volume was $42.340 billion.
From Jan. 1 through April 30 of this year, MBS issuance amounted to $140.026 billion.
Ginnie Mae issuers have securitized $249.555 so far in fiscal-year 2016, which started in October 2015.
Last month’s residential MBS issuance was $40.056 billion, climbing from $32.857 billion in March but just shy of the $40.553 billion issued in April 2015.
Jumbo activity accounted for $2.308 billion of April 2016’s residential volume, soaring from the previous month’s $1.448 billion.
Residential volume additionally included $0.775 billion in home-equity conversion mortgage securitizations. HMBS issuance was up from $0.639 billion in March.
On the commercial real estate side, $0.981 billion in multifamily pools were securitized in April 2016.
Multifamily issuance moved up from $0.893 billion a month earlier but sank from $1.787 billion a year earlier.
