Ginnie MBS Issuance Rebounds in April

Ginnie Mae mortgage-backed securities issuance rose nearly 10% in April to the highest level in four months.

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Lenders issued and sold $40 billion in Ginnie MBS to investors in April, up from $36.4 billion in the prior month, according to new figures released by the Government National Mortgage Association.

That included $36.8 billion in forward single-family loans in Ginnie Mae I and in Ginnie II pools.

Reverse mortgage lenders securitized $972 million in FHA-insured home equity conversion mortgages, the most in two years.

Securitizations of jumbo mortgages (with balances above $417,000) totaled $812 million in April, compared to $754 million in March.

April issuance of multifamily MBS totaled $2.1 billion, down slightly from $2.3 billion in the prior month.


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