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.
