As the Government National Mortgage Association’s book of business continued to grow, a month-over-month increase in issuance was recorded.
As of Aug. 31, 2017, there were $1.8706 trillion in Ginnie Mae mortgage-backed securities outstanding, according to monthly operational data.
Last month’s total consisted of $1.7655 trillion in single-family MBS and $0.1051 trillion in multifamily pools. The residential portion included $0.0506 trillion in jumbo MBS, $0.0551 trillion in home-equity conversion mortgage MBS and $0.0003 trillion in manufactured housing MBS.
The data indicated that there were $44.133 trillion in Ginnie Mae MBS issued during the most-recent month. Securitizations increased from $41.948 billion in July but came up short of the $48.424 billion in MBS issued in August 2016.
Residential MBS issuance accounted for $42.680 billion of August 2017’s total and included $1.734 billion in jumbo MBS and $0.916 billion in HMBS. Multifamily issuance made up $1.453 billion of last month’s securitizations.
From Jan. 1, 2017, through Aug. 31, total MBS issuance amounted to $315.286 billion, while the total was $462.995 billion since the government-owned corporation’s fiscal-year started on Oct. 1, 2016.