Monthly securitizations retreated at the Government National Mortgage Association. As jumbo issuance fell to a three-year low, reverse mortgage securitizations were the most in at least six years.
The aggregate unpaid principal balance of Ginnie Mae mortgage-backed securities outstanding as of Feb. 28 came to $1.9342 trillion, according to an analysis of monthly operational data.
Government-owned Ginnie’s book of business increased from $1.9242 trillion one month earlier. It has also expanded from 1.7982 trillion as of one year earlier.
Source: Mortgage Daily