Although mortgage securitizations at the Government National Mortgage Association fell for the fifth month in a row, jumbo activity accelerated.
During the final month of 2015, issuance of mortgage-backed securities on behalf of Ginnie Mae came to $31.865 billion.
The figures were determined based on a Mortgage Daily analysis of monthly operational data reported by the government-owned corporation.
Business declined from a month earlier, when $37.076 billion in securities were issued.
MBS issuance at
the Washington-based organization has diminished each month since July 2015, when volume totaled $47.068 billion.
Activity was up, however, from the final month of 2014, when Ginnie Mae securitizations came to $28.475 billion.
Full-year 2015 MBS issuance amounted to $454.321 billion, surging from $313.491 billion for all of 2014.
Since starting its fiscal-year 2016 on Oct. 1, 2015, securitizations added up to $109.529 billion.
Residential issuance totaled $30.240 billion last month, down from $35.753 billion a month earlier but more than $26.779 billion a year earlier.
December 2015 volume included $1.380 billion in jumbo issuance, more than the prior month’s $1.322 billion.
But the issuance of MBS backed by home-equity conversion mortgages plunged to $0.685 billion from $1.237 billion in November.
Also contained in the latest activity was $1.625 billion in multifamily issuance, more than November’s $1.323 billion.
