Ginnie’s FY 2017 MBS Issuance Up, Book Expands

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Annual fiscal securitizations conducted on behalf of the Government National Mortgage Association increased, while the book of business continued to grow.

The unpaid principal balance of Ginnie Mae mortgage-backed securities
ended September at $1.8842 trillion, according to monthly operational data.

The government-owned corporation’s total expanded from $1.8706 trillion at the conclusion of the preceding month and $1.7281 trillion as of the same date last year.

Comprising the Washington-based company’s book of business were $0.1058 trillion in multifamily pools and $1.7784 trillion in residential MBS — including $0.0516 trillion in jumbo loans and $0.0551 trillion in home-equity conversion mortgages.

Issuance of Ginnie Mae MBS during all of fiscal-year 2017, which concluded on Sept. 30, was $504.575 billion,
more than the $487.971 billion in securitizations during fiscal-year 2016.

During the first-nine months of 2017, MBS issuance amounted to $356.866 billion. Reflected in the year-to-date total were $14.104 billion in multifamily MBS and $342.762 billion in residential issuance — including $14.139 billion in jumbo MBS and $7.293 billion in HMBS.

Monthly Ginnie Mae issuance fell to $41.580 billion from $44.133 billion the prior month
and $54.639 billion a year prior.


Mortgage Daily Staff


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