Ginnie issuers pooled $31 billion in government-backed loans in September, down 12% from August.
Overall, Ginnie Mae MBS issuance totaled $106 billion in the fourth quarter of fiscal year 2013, compared to $122 billion in the third quarter.
Issuance of single-family loans totaled $28 billion in September, down 17% from the prior month. This drop could reflect a decline in refinancings. It also could reflect the premium hike the Federal Housing Administration implemented in early June along with a policy that requires borrowers to pay annual premiums over the entire life of the loan.
Meanwhile, multifamily MBS issuance totaled $2.5 billion, up 30% from August.
Ginnie Mae also reported Tuesday reverse mortgage lenders securitized $662 million in FHA-insured HECMs in September, compared to $750 million in the prior month.