Monthly securitizations at the Government National Mortgage Association bounced off the one-year low experienced in March. The book of business continued to grow.
The unpaid principal balance of Ginnie Mae mortgage-backed securities outstanding concluded April 2017 at $1.8196 trillion according to an analysis of operational data.
Ginnie’s book of business expanded from a month earlier, when the total was $1.8055 trillion, and a year earlier, when there were
$1.6734 trillion in MBS outstanding.
The latest total was comprised of $0.1019 trillion in multifamily securities and $1.7178 trillion in residential MBS. The residential total included $0.0478 trillion in jumbo MBS and $0.0552 trillion in home-equity conversion mortgage MBS.
Issuance of the Washington-based corporation’s MBS came to $37.897 billion last month. Business accelerated from $32.931 billion in March 2017 — the slowest it had been in 12 months —
but fell short of $41.037 billion in April 2016.
The most-recent issuance consisted of $1.602 billion in multifamily MBS and $36.295 billion in residential MBS. Jumbo securitizations made up $1.321 billion of April 2017’s residential issuances, while HMBS issuance was $0.794 billion.
Government-owned Ginnie’s MBS issuance from Jan. 1, 2017, through April 30 amounted to $149.395 billion. Since starting fiscal-year 2017 on Oct. 1, 2016, there have been $297.104 billion in Ginnie Mae MBS issued.
