A modest volume of monthly securitizations on behalf of the Government National Mortgage Association have pushed fiscal-year volume so far past $400 billion.

The government-owned corporation reported monthly operational data indicating that $1.8570 trillion of its mortgage-backed securities were outstanding as of July 1.

Washington-based Ginnie Mae’s book of business expanded from $1.8428 trillion one month earlier and $1.7058 trillion as of the same date last year.

Source: Mortgage Daily