Loan securitizations on behalf of the Government National Mortgage Association declined last month, though reverse mortgage activity ascended.
Ginnie Mae issuers securitized $31.537 billion in mortgages during February. Activity was reduced from $33.702 billion in the first month of the year.
That was according to a Mortgage Daily analysis of operational data released by the Washington-based government-owned organization.
But volume increased from the same month last year, when $24.923 billion in mortgage-backed securities were issued.
The latest activity brought year-to-date issuance to $65.239 billion.
From Oct. 1, 2015, through Feb. 29, 2016, fiscal-year 2016 issuance amounted to $174.768 billion.
Residential MBS issuance in February 2016 came to $30.437 billion, off from the prior month’s $32.576 billion but more than $23.888 billion in the same month in 2015.
Last month’s residential activity included $1.209 billion in jumbo issuance, tumbling from $1.667 billion in January.
Also factored into February’s residential issuance was $0.769 billion in home-equity conversion mortgages, more than the $0.652 billion a month earlier.
Multifamily
made up $1.100 billion of the most-recent period’s volume, dipping from $1.126 billion in January but more than $1.035 billion in February 2015.
