Mortgage securitizations at the Government National Mortgage Association continued to see-saw last month, with residential activity lifting volume.
Issuance of mortgage-backed securities on behalf of the Washington-based organization
came to $33.750 billion during March.
The findings were based on an analysis by Mortgage Daily of monthly operational data that was reported by government-owned Ginnie Mae.
Business increased from $31.537 billion the previous month after falling in February, rising in January and declining in December 2015.
In March 2015, MBS issuance totaled $32.068 billion.
From Jan. 1 through March 31 of this year, Ginnie’s issuance amounted to $98.989 billion.
Since starting its fiscal-year 2016 on Oct. 1, 2015, issuance totaled $208.518 billion.
Residential issuance made up $32.857 billion of last month’s activity, more than $30.437 billion in February and $30.659 billion in March 2015.
Included in March 2016’s residential volume was $1.448 billion in jumbo issuance, more than $1.209 billion a month earlier.
Issuance of home-equity conversion mortgages — or HMBS — fell, however, to $0.639 billion from $0.769 billion in February.
In addition to residential issuance, $0.893 billion in multifamily issuance was reported.
Commercial real estate activity eased from $1.100 billion the prior month and sank from $1.409 billion a year prior.
