Securitizations completed on behalf of the Government National Mortgage Association were the highest they’ve been in almost one year.
Including residential and commercial real estate activity, issuance of Ginnie Mae mortgage-backed securities totaled $45.185 billion during June.
The findings were based on a Mortgage Daily analysis of monthly operational data released Tuesday by the government-owned organization.
Last month’s securitizations turned out to be the most for Ginnie since
July 2015, when issuance came to $47.068 billion.
MBS issuance at the Washington-based firm totaled $42.830 billion in May 2016 and $42.283 billion in June 2015.
Since the start of this year, $228.041 billion in Ginnie Mae MBS have been issued, while the total was $337.570 billion since the company began its fiscal-year 2016 on Oct. 1, 2015.
Residential issuance accounted for $43.893 billion of the June 2016 total, rising from $41.490 billion a month earlier and $40.448 billion a year earlier.
Last month’s residential securitizations included $2.316 billion in jumbo loans, more than $2.182 billion in May.
But issuance of home-equity conversion mortgages fell to $0.694 billion in June from $0.857 billion.
Multifamily issuance slipped to $1.292 billion from $1.340 billion in May 2016 and $1.835 billion in June 2015.
The unpaid principal balance of Ginnie Mae securities as of May 31, 2016, was $1.6834 trillion.
Ginnie’s book grew from $1.6734 trillion at the end of April and $1.5522 trillion at the same point in 2015.
The latest total consisted of $1.5877 trillion in residential MBS and $0.0957 trillion in multifamily MBS.
The residential portion included $0.0358 trillion in jumbo MBS, $0.0543 trillion in HMBS and $0.0003 trillion in manufactured housing.
