MBS Issuance at All-Time High at Ginnie Mae

written by
MORTGAGE EXPERT
1 · 19 · 16

The Government National Mortgage Association saw its monthly securitizations of real estate loans reach the highest level in its history.

During August of this year, the Washington-based corporation provided issuance guarantees on $48.4 billion in mortgage-backed securities.

That turned out to be the biggest month for Ginnie Mae since
it was created in 1968 through the Housing and Urban Development Act.

Ginnie previously reported $47.338 billion in MBS issuance for July 2016 — a record at the time.

In August 2015, issuance was previously reported at $44.904 billion.

During the first-eight months of 2016, MBS issuance at the government-owned company amounted to $323.8 billion.

Since starting its fiscal-year 2016 on Oct. 1, 2015, issuance came to $433.3 billion.

Ginnie reported that its
outstanding unpaid principal balance exceeds $1.7 trillion.

Previously reported data indicate that there were $1.6925 trillion in Ginnie Mae I and II MBS outstanding as of July 31, 2016.

Author

Mortgage Daily Staff

Subscribe

Consectetur adipiscing elit dapibus, vulputate in donec tempor ultricies venenatis erat, aliquam posuere urna habitant.

Related
Posts