Securitizations on behalf of the Government National Mortgage Association decreased to the lowest level in 10 months. The company’s book of business is nearing $2 trillion.
The first month of 2018 ended with $1.9242 trillion in Ginnie Mae mortgage-backed securities that were outstanding, according to monthly operational data.
Ginnie’s book of business increased from $1.9134 trillion as of year-end 2017. At the same point in 2017, outstandings were $1.7865 trillion.
Last month’s total was comprised of $0.1092 trillion in multifamily pools and $1.8150 trillion in residential pools — including $0.0544 trillion in jumbo MBS, $0.0556 trillion in home-equity conversion mortgage MBS and $0.0003 trillion in manufactured housing MBS.
Issuance of Ginnie Mae MBS during January 2018
came to $36.406 billion — the slowest month since $32.931 billion was issued in March 2017. Issuance dipped from $37.672 billion in December 2017 and declined from $44.197 billion in January 2017.
Total MBS issuance last month included $1.403 billion in multifamily pools and $35.003 billion in residential pools. Reflected in the residential portion were $1.221 billion in jumbo MBS and $0.869 billion in HMBS.
Since starting its fiscal-year 2018 on Oct. 1, 2017, Ginnie Mae MBS issuance amounted to $153.419 billion.
