Despite a year-over-year retreat in securitizations on behalf of the Government National Mortgage Association, there was a month-over-month bump.
As of May 31, the collective unpaid principal balance outstanding on Ginnie Mae mortgage-backed securities came to $1.8305 trillion.
The total, along with a number of other metrics, were determined from an analysis of monthly data published by the Washington-based firm.
Source: Mortgage Daily
