Monthly loan securitization activity improved at the Government National Mortgage Association thanks mostly to residential business. Reverse mortgage volume saw the most improvement.
Total issuance of Ginnie Mae mortgage-backed securities was $31.391 billion in October, according to data compiled by Mortgage Daily.
Business was better than in the previous month, when $28.283 billion in MBS were issued.
Activity was also stronger than in the same month in 2013 — a month that saw $28.309 billion in issuance.
During the first 10 months of 2014, volume amounted to $257.229 billion.
October’s activity included $29.904 billion in residential MBS, up from $26.957 billion a month earlier and $26.596 billion a year earlier.
Residential activity included $0.690 billion in home-equity conversion mortgage securities, leaping from $0.498 billion in September.
Jumbo issuances were $0.768 billion in October, up.$0.003 billion.
Multifamily issuance rose to $1.487 billion from September’s $1.326 billion.
October 2013 multifamily issuance came in at $1.713 billion.
