Even though apartment loan securitizations slipped last month at the Government National Mortgage Association, overall issuance moved higher.
There were
$1.8428 trillion in Ginnie Mae mortgage-backed securities outstanding as of mid-2017, according to data reported by the government-owned entity.
The Washington-based organization’s book of business expanded from $1.8305 trillion as of May 31. As of June 30, 2016, the total came to $1.6925 trillion.
Last month’s total was made up of $0.1037 trillion in multifamily pools and $1.7392 trillion in residential pools — including $0.0490 trillion in jumbo MBS and $0.0550 trillion in home-equity conversion mortgage MBS.
Issuance of Ginnie Mae MBS came to $41.526 billion in June 2017. Business was higher than $38.284 billion a month earlier
but declined from $45.185 billion a year earlier.
Residential issuance made up $39.820 of last month’s securitizations and included $1.577 billion in jumbo issuance and $0.779 billion in HMBS issuance.
Multifamily issuance was $1.706 billion in the latest month, lower than May 2017’s $1.879 billion.
During the first-half 2017, overall Ginnie Mae MBS issuance amounted to $229.205 billion. The total was $376.914 billion since fiscal-year 2017 began on Oct. 1, 2016.
