Despite a year-over-year retreat in securitizations on behalf of the Government National Mortgage Association, there was a month-over-month bump.
As of May 31,
the collective unpaid principal balance outstanding on Ginnie Mae mortgage-backed securities came to $1.8305 trillion.
The total, along with a number of other metrics, were determined from an analysis of monthly data published by the Washington-based firm.
MBS outstanding grew from $1.8196 trillion one month earlier and $1.6834 trillion one year earlier.
Last month’s balance was comprised of $0.1030 trillion in multifamily pools and $1.7276 trillion in residential securities. The residential portion of the book of business included $0.0483 trillion in jumbo MBS and $0.0551 trillion in home-equity conversion mortgage MBS.
Issuance of Ginnie MBS totaled $38.284 billion last month. Securitizations inched up from $37.897 billion in April 2017 but came up short of $42.830 billion in May 2016.
From Jan. 1, 2017, through May 31, Ginnie Mae issuance amounted to $187.679 billion. Since beginning fiscal-year 2017 on Oct. 1, 2016, there have been $335.388 billion in Ginnie Mae MBS issued.
May 2017 activity was made up of $1.879 billion in multifamily issuance and $36.405 billion in residential securitizations. Included in the residential portion was $1.332 billion in jumbo issuance and $0.768 billion HMBS issuance.