With jumbo loan activity leading the way, securitizations at the Government National Mortgage Association moved higher last month.
Issuers of Ginnie Mae mortgage-backed securities securitized $33.702 billion in loans during January.
The Washington-based company revealed details about its issuance, including commercial and residential loans, in an operational summary.
MBS issuance at the government-owned corporation
rose up from the final month of 2015, when volume totaled $31.865 billion.
Activity also ascended from the first month of last year, a month that saw $28.650 billion in Ginnie securitizations.
During the first-four months of Ginnie’s fiscal-year 2016, issuance amounted to $143.231 billion.
Residential issuance accounted for $32.576 billion of last month’s volume,
more than $30.240 billion in December and $27.466 billion in January 2015.
The residential total included $1.667 billion in jumbo issuance, more than $1.380 billion a month earlier.
But securitizations of home-equity conversion mortgages fell to $0.652 billion in January 2016 from $0.685 billion.
Unlike residential activity, multifamily issuance declined — to $1.126 billion from $1.625 billion in December.
Multifamily MBS issuance slipped from January of last year, when it was $1.184 billion.
