Even though apartment loan securitizations slipped last month at the Government National Mortgage Association, overall issuance moved higher.
There were $1.8428 trillion in Ginnie Mae mortgage-backed securities outstanding as of mid-2017, according to data reported by the government-owned entity.
The Washington-based organization’s book of business expanded from $1.8305 trillion as of May 31. As of June 30, 2016, the total came to $1.6925 trillion.
Source: Mortgage Daily