Ginnie Mae issuers sold $27.8 billion in mortgage-backed securities into the secondary market in July, up 6% from the previous month, according to the Government National Mortgage Association.
Issuance of Ginnie Mae MBS has edged up over the past three months and it is the first time issuers broke through the $27 billion mark since January.
GNMA reported last Thursday that issuance of Ginnie Mae II single-family MBS totaled $18.2 billion in July and issuance of Ginnie Mae I single-family pools totaled $7.3 billion.
These government guaranteed MBS are backed by Federal Housing Administration, Department of Veterans Affairs and Rural Housing Services loans.
Ginnie Mae issuers also securitized $970 million in FHA-insured reverse mortgages and $1.3 billion in multifamily loans in July.
