After slowing to the lowest level in six years, mortgage securitizations turned higher at the Government National Mortgage Association. Reverse mortgage issuance, however, declined.
The government-owned corporation reported that its mortgage-backed securities issuance during April was $23.318 billion.
Business jumped from $17.793 billion in March — a month that saw the lowest level of activity since March 2008.
But Ginnie Mae securitizations came in less than the $39.958 in MBS issued during April 2013.
From Jan. 1 through April 30, issuance amounted to $85.298 billion. Since beginning its fiscal-year 2014 on Oct. 1, 2013, the Washington, D.C.-based company’s volume totaled $161.610 billion.
The residential portion of last month’s issuances was $21.661 billion, surging from $16.625 billion one month earlier.
April’s residential activity included $0.410 billion in jumbo securitizations.
Also reflected in the latest residential number was $0.396 billion in home-equity conversion mortgage MBS — declining from $0.510 billion in March.
Multifamily issuances climbed to $1.657 billion in April from $1.168 billion a month earlier but dropped from $2.144 billion a year earlier.
