While overall securitizations on behalf of the Government National Mortgage Association, made a monthly move up, jumbo issuance declined and reverse mortgage issuance sank.
The government-owned enterprise released data indicating that the unpaid principal balance of Ginnie Mae mortgage-backed securities was $1.9597 trillion as of May 31.
The total was comprised of $0.1125 trillion in multifamily pools and $1.8472 trillion in residential securities — including $0.0556 trillion in jumbo MBS and $0.0562 trillion in home-equity conversion mortgage MBS.
Source: Mortgage Daily
