Monthly securitizations at the Government National Mortgage Association bounced off the one-year low experienced in March. The book of business continued to grow.
The unpaid principal balance of Ginnie Mae mortgage-backed securities outstanding concluded April 2017 at $1.8196 trillion according to an analysis of operational data.
Ginnie’s book of business expanded from a month earlier, when the total was $1.8055 trillion, and a year earlier, when there were $1.6734 trillion in MBS outstanding.
Source: Mortgage Daily