Securitizations on behalf the Government National Mortgage Association descended on a monthly and annual basis. But its book of business continued to grow — nearing $2 trillion.
(MBS outstanding was incorrectly originally reported based on data for Nov. 30, 2017. The story has been updated to reflect December’s data.)
When 2017 concluded, there were $1.9134 trillion in outstanding Ginnie Mae mortgage-backed securities, according to monthly operational data.
The Washington-based company’s book of business expanded from $1.9036 trillion a month earlier and $1.7668 trillion one year earlier.
Most recently, Ginnie’s book
was comprised of $1.8048 trillion in residential MBS and $0.1086 trillion in multifamily pools. The residential portion included $0.0540 trillion in jumbo MBS, $0.0555 trillion in home-equity conversion mortgage MBS and $0.0003 trillion in manufactured housing MBS.
Issuance of MBS on behalf of the government-owned corporation came to $37.672 billion last month. Business dipped from $39.201 billion in November and tumbled from $49.412 billion in December 2016.
The December 2017 total consisted of $36.117 billion in residential MBS and $1.555 billion in multifamily pools. Residential issuance included $1.680 billion in jumbo MBS and $1.350 billion in HMBS.
During all of 2017, issuance of Ginnie Mae MBS amounted to $473.879 billion, falling from $526.151 billion the preceding year.
Since the beginning of Ginnie’s fiscal-year 2018 on Oct. 1, 2017, securitizations worked out to $117.013 billion.
