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Ginnie Mae Issuance Increases

Mortgage News

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.

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