Ginnie’s HMBS Issuance Jumps Despite Overall Drop

written by
12 · 09 · 15

Although monthly mortgage securitizations moved lower at the Government National Mortgage Association, the issuance of reverse mortgages accelerated.

In a monthly operational summary, Ginnie Mae reported that issuance of mortgage-backed securities was $37.076 billion in November.

Issuers of the Washington-based company’s MBS slowed activity compared to the previous month, when volume totaled $40.588 billion.

But securitizations have risen versus the same month last year, when MBS issuance was just $27.787 billion.

During the 11 months ended Nov. 30, 2015, issuers of securities on behalf of the government-owned corporation securitized
a total of $422.456 billion.

Since starting its fiscal-year 2016 on Oct. 1, 2015, Ginnie’s issuances amounted to $77.664 billion.

Contributing to the latest volume was $35.753 billion in residential issuance, falling from $39.170 billion in October.
Residential issuance was up, however, from $26.329 billion in November 2014.

Year-to-date Nov. 30, 2016, residential issuance came to $405.537 billion.

Included in November 2015 residential activity was $1.322 billion in jumbo issuance,
falling from the prior month’s $1.598 billion.

Also included was $1.237 billion in the securitization of home-equity
conversion mortgages, an increase over the $0.789 billion in HMBS issued in October.

Multifamily issuance fell to
$1.323 billion from $1.418 billion a month earlier. Multifamily business was also down from November 2014, when volume totaled $1.458 billion.

From Jan. 1 through Nov. 30 of this year, multifamily issuance at Ginnie added up to $16.919 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.