Securitizations on behalf of the Government National Mortgage Association decreased to the lowest level in 10 months. The company’s book of business is nearing $2 trillion.
The first month of 2018 ended with $1.9242 trillion in Ginnie Mae mortgage-backed securities that were outstanding, according to monthly operational data.
Ginnie’s book of business increased from $1.9134 trillion as of year-end 2017. At the same point in 2017, outstandings were $1.7865 trillion.
Source: Mortgage Daily