The Government National Mortgage Association reported that monthly issuances eased.
The issuance of mortgage-backed securities during March at the government-owned corporation came in at $24.1 billion, a news release Tuesday said. Volume was off from February’s $26.2 billion.
But business was a little better than $22.7 billion securitized in March 2010.
So far this year, Ginnie Mae issuances add up to $85.5 billion.
Issuance of Ginnie Mae IIÂ single-family pools exceeded $15.8 billion last month, while Ginnie Mae IÂ single-family issuance was more than $6.0 billion. Another $0.9 billion in HECMÂ MBS was securitized.
Multifamily issuance, meanwhile, jumped past $1.3 billion.