Despite a decline in monthly securitizations guaranteed by the Government National Mortgage Association, its book of business reached a record.
As of Jan. 31, there were $1.7865 trillion in Ginnie Mae mortgage-backed securities outstanding, according to data from the Washington-based firm.
That marked the biggest book of business ever for the government-owned corporation based on its own historical numbers going back to 1990.
The unpaid principal balance was $1.7668 trillion as of year-end 2016 and $1,6538 trillion as of the same date in 2016.
Last month’s residential book was $1.6864 trillion and included $0.0455 trillion in jumbo MBS, $0.0552 trillion in home-equity conversion mortgage MBS and $0.0003 trillion in manufactured housing MBS.
Total multifamily MBS outstanding was $0.1001 trillion as of Jan. 31, 2017.
Issuance of Ginnie Mae MBS during the first month of this year totaled $44.197 billion. Volume retreated from $49.412 billion in December 2016 but was stronger than $33.702 billion in January 2016.
January 2017 residential issuance was $42.500 billion and included $1.927 billion in jumbo issuance and $0.869 billion in HMBS issuance.
Multifamily issuance last month was $1.697 billion.
