Ginnie Mae MBS issuance totaled $113.4 billion in the second quarter of fiscal year 2013 (which ended March 31), down 5% from the first quarter, according to new figures released by the Government National Mortgage Association.
MBS issuance remains strong relative to the second quarter of FY 2012. The GNMA report shows issuance is up 30% from the same quarter a year ago.
Lenders issued and sold $36.4 billion in
Reverse mortgage lenders securitized $889 million in FHA-insured home equity conversion mortgages in March, compared to $695 million in HMBS in the month prior.
Securitizations of jumbo mortgages (with balances above $417,000) totaled $754 million in March, down from $1.1 billion in February.
March issuance of multifamily MBS was $2.3 billion, compared to $2 billion in the prior month.
