Ginnie Mae MBS issuance fell in November for the fifth straight month to the lowest level since June 2011. The secondary market agency reported that Ginnie issuers securitized $26 billion in mortgages, down from $28 billion in the prior month.
Issuers sold $24 billion in single-family Ginnie II MBS to investors that included $878 million in FHA-insured reverse mortgages.
Ginnie I single-issuers securitized $515 million in single-family loans and $1.2 million in multifamily pools.
A separate report by HUD shows that FHA approved 84,000 single-family loans in October, which represents a recovery of sorts for FHA. In September,
