Ginnie Mae MBS issuance rose 2.7% in May to the highest level of the year following a 10% jump in April.
Lenders issued and sold $41 billion in Ginnie MBS to investors, up from $40 billion in April, according to new figures released by the Government National Mortgage Association.
May issuance included $38.3 billion in forward single-family loans in Ginnie Mae II and in Ginnie I pools, up from $36.8 billion in the prior month.
Reverse mortgage lenders securitized $845 million in FHA-insured home equity conversion mortgages, down from $972 million in the prior month.
Securitizations of jumbo mortgages (with balances above $417,000) totaled $576 million, down from $812 million in April.
May issuance of multifamily MBS totaled $1.95 billion, down slightly from $2.1 billion in the prior month.
Overall,
