Although overa1l issuance eased at the Government National Mortgage Association, issuance of reverse mortgage securities was the highest it’s been in 15 months.<br
As of Nov. 30, there were $1.9036 trillion in outstanding mortgage-backed securities at Ginnie Mae, according to monthly operational data released Monday.
The Washington-based organization’s book of business continued to grow from $1.8941 trillion one month earlier and $1.7506 trillion one year earlier.
Source: Mortgage Daily
