A modest improvement was made in monthly securitization volume at the Government National Mortgage Association. But a year-over-year drop was also reported.
Issuance of Ginnie Mae mortgage-backed securities amounted to $36.999 billion during June, according to data
released Monday by the government-owned organization.
Securitizations surpassed the $35.321 billion in issuance the preceding month. But business has retreated from $41.526 billion in the same month last year.
Since this year started, there has been $206.324 billion in MBS issuance at the Washington-based firm. Volume amounted to $323.337 billion since Ginnie started fiscal-year 2018 on Oct. 1, 2017.
June 2018 issuance consisted of $1.507 billion in multifamily pools and $35.492 billion in residential pools — including $1.145 billion in jumbo loans and $0.964 billion in home-equity conversion mortgages.
Ginnie reported
that the unpaid principal balance of its outstanding securities concluded last month at $1.9708 trillion — including $0.1133 trillion in multifamily MBS and $1.8576 trillion in residential MBS. Reflected in residential were $0.0561 trillion in jumbo MBS and $0.0563 trillion in HMBS.
The total book of business was $1.9597 trillion as of May 31 and $1.8428 trillion as of mid-2017.
