Residential lenders issued $27.8 billion of Government National Mortgage Association MBS in August, a slim gain of just $14 million from the prior month, according to new figures released by HUD.
However, the reading marks the fourth consecutive monthly increase in Ginnie Mae issuance, a sign that FHA production remains strong and that more firms are starting to use the program.
Mortgage bankers issued $17.8 billion of Ginnie Mae II single-family MBS during the month, and $7.7 billion of Ginnie Mae I bonds.
The government guaranteed MBS are backed by Federal Housing Administration, Department of Veterans Affairs, and Rural Housing Services loans.
Ginnie Mae issuers also securitized $844 million of reverse mortgages and $1.5 billion of multifamily loans in August.
