Government National Mortgage Association issuers sold $26.2 billion of mortgage-backed securities into the secondary market in June, up 3% from the previous month, according to new government figures.
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Issuance of Ginnie Mae MBS has ranged between $24 billion and $26.5 billion since January.
GNMA reported that issuance for Ginnie Mae II single-family MBS totaled $17.3 billion in June and issuance of Ginnie Mae I single-family pools came to $6.6 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 $801 million of FHA-insured reverse mortgages and $1.45 billion of multifamily loans in June.
