Monthly securitizations on behalf of the Government National Mortgage Association eased, though the firm’s book of business grew.
Monthly operational data indicate that there were
$1.7506 trillion in outstanding Ginnie Mae mortgage-backed securities as of Nov. 30.
The Washington-based organization’s book of business grew from the end of the previous month, when the total was $1.7393 trillion.
The total also expanded from a year previous, when the unpaid principal balance of Ginnie MBS was $1.6372 trillion.
The most-recent total consisted of $1.6530 trillion in residential pools and
$0.0976 trillion in multifamily pools. The residential total included $0.0428 trillion in jumbo loans and $0.0550 trillion in home-equity conversion mortgage MBS.
Issuance of Ginnie Mae MBS totaled $48.949 billion last month. Securitizations dipped from $49.348 billion in October but were up from $37.076 billion in November 2015.
Since its fiscal-year 2017 began on Oct. 1, 2016, Ginnie Mae issuance came to $98.297 billion. From Jan. 1, 2016, until Nov. 30, there was $476.739 billion in Ginnie Mae MBS issued.
November 2016 issuance was made up of $47.171 billion in residential MBS and $1.778 billion in multifamily MBS. The residential total included $2.517 billion in jumbo MBS issuance and $0.718 billion in HMBS issuance.