Although issuance of Ginnie Mae securities backed by multifamily loans took a tumble last month, residential activity more than made up the difference.
Issuers of Government National Mortgage Association mortgage-backed securities generated $42.283 billion in securitizations during the month of June.
Volume was based on an analysis by Mortgage Daily of monthly data supplied by the Washington-based government-owned organization.
MBS issuance increased from the previous month, when Ginnie Mae issuers put out $41.662 billion in securities.
Activity also ascended from the same month last year, when issuance totaled $26.221 billion.
From Jan. 1 through June 30, issuance at Ginnie amounted to $211.926 billion.
Since starting its calendar-year 2015 on
Oct. 1, 2014, Ginnie issuances have added up to $299.579 billion.
Residential issuance accounted for $40.448 billion of last month’s business, rising from $39.363 billion in May and surging from $24.888 billion in June 2014.
Included in June 2015’s residential issuance was $2.148 billion in jumbo MBS, increasing from $1.666 billion the previous month.
The issuance of MBS backed by home-equity conversion mortgages, however, slowed to $0.845 billion from $0.874 billion.
Ginnie’s multifamily issuances tumbled to $1.835 billion from $2.299 billion in May.
