Securitizations on behalf of the Government National Mortgage Association turned lower last month, falling to the slowest volume in five months. The weak performance came off of a record year.
Government-owned Ginnie Mae finished October with $1.8941 trillion in outstanding mortgage-backed securities — including $1.7873 trillion in residential loans and $0.1069 trillion in multifamily pools.
Tucked away in the residential portion were $0.0524 trillion in jumbo MBS, $0.0551 trillion in home-equity conversion mortgage MBS and $0.0003 trillion in manufactured housing MBS.
Source: Mortgage Daily