2015 Ginnie MBS Issuance Likely to Beat Record

written by
11 · 03 · 15

Securitizations of mortgages on behalf of the Government National Mortgage Association are likely to reach an all-time high this year.

Issuers of Ginnie Mae mortgage-backed securities put out $40.588 billion of the government-owned corporation’s securities during October.

Volume dipped modestly lower from the previous month, when issuance on behalf of Washington-based Ginnie came to $40.894 billion.

The secondary statistics were provided by Ginnie in a monthly report.

But business was stronger than the same month last year, when MBS issuance amounted to $31.391 billion.

Since Jan. 1, 2015, issuance of Ginnie Mae MBS totaled $385.380 billion — far more than the $313 billion that was issued during all of 2014.

On an annualized basis, that puts 2015 on track to shatter the $454 billion record reached in 2009.

During the first month of its fiscal-year 2016,
volume was $40.588 billion.

Residential issuance made up $39.170 billion of last month’s activity, dipping from $39.291 billion the prior month but strengthening from $29.904 billion in October 2014.

Although jumbo issuance slipped to $1.598 billion from $1.605 billion in September, issuance of home-equity conversion mortgages was up to $0.789 billion last month from $0.680 billion.

Multifamily issuance fell to $1.418 billion for October from the previous month’s $1.603 billion and from the year-earlier’s $1.487 billion.

Mortgage Expert

Mortgage Daily Staff



No Results Found

The page you requested could not be found. Try refining your search, or use the navigation above to locate the post.