Mortgage Daily Logo
mortgage news from industry experts

Ginnie’s Jumbo Issuance Jumps to 2.5-Year High

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.

Popular posts

How Long Does It Take to Refinance a Mortgage
How Long Does It Take to Refinance a Mortgage

So, you’re interested in refinancing your mortgage. Maybe you want some extra capital to do that home project you’ve always dreamed of, interest rates are nearing record lows, or you want to start consolidating debt. Regardless of the motivation behind the refinance,...

How Does Refinancing a Mortgage Work
How Does Refinancing a Mortgage Work

A home purchase is considered an investment, and a robust one at that. Savvy owners are constantly looking for new ways to reduce debt, save money, pay less in interest, and ultimately build equity. Refinancing is one way to leverage your investment and do just that....

What Does It Mean to Refinance Your Home
What Does It Mean to Refinance Your Home

You can think of refinancing your mortgage as a debt redo. Essentially, you’ll swap out the existing loan for a new one - ideally with better terms and conditions. Only this time it could help you save money on high mortgage payments, rather than just borrow it....

Setting up the Utilities in My New House
Setting up the Utilities in My New House

All the tedious, time-consuming home closing documents have been signed, sealed, and delivered. Your belongings are packed into what seems like a million boxes and you have a solid plan to haul all your existing furniture to the new place. Just as your boxes and...

When Is My First Mortgage Payment Due?
When Is My First Mortgage Payment Due?

Navigating your way through a brand new mortgage loan can be a difficult task, especially for first time homeowners. After handing over a large sum of money for the down payment and closing costs, it’s important to pay attention to the timing of your first mortgage...

Newsletter

Don’t worry, we don’t spam

calculate your monthly mortgage payment

Related Topics

Helpful Links

Daily mortgage rate trends

Best mortgage lenders

First-time homebuyers programs by state

Loan limits by state

Types of mortgages

APR vs interest rate

Understanding PMI

Related Posts

THE TRUSTED PROVIDER OF ACCURATE RATES AND FINANCIAL INFORMATION