Monthly securitizations turned higher at the Government National Mortgage Association, with apartment loan activity ascending to the strongest level since last year.
Data reported Monday by the Washington-based company indicate that there were $1.9504 trillion in Ginnie Mae mortgage-backed securities outstanding as of May 31.
Multifamily MBS made up $0.1116 trillion of the total, and residential securities accounted for another $1.8388 trillion — including $0.0554 trillion in jumbo MBS and $0.0565 trillion in home-equity conversion mortgage MBS.
Ginnie’s total book of business expanded from $1.9401 trillion as of one month previous and grew from $1.8196 trillion one year previous.
Last month’s MBS issued on behalf of Ginnie came to $34.068 billion. It was the biggest month since January.
Comprising the total were $1.446 billion in multifamily MBS — the most since December 2017 — and $32.622 billion in residential MBS including $1.038 billion in jumbo MBS and $1.205 billion in HMBS.
Securitizations climbed from $30.310 billion in March but came up short compared to $37.897 billion in April 2017.
During the first-four months of 2018, there have been $134.004 billion in Ginnie Mae MBS issued. The total amounted to $251.017 billion since the government-owned corporation started its fiscal-year 2018 on Oct. 1, 2017.
