Securitizations on behalf the Government National Mortgage Association descended on a monthly and annual basis. But its book of business continued to grow — nearing $2 trillion.
When 2017 concluded, there were $1.9036 trillion in outstanding Ginnie Mae mortgage-backed securities, according to monthly operational data.
The Washington-based company’s book of business expanded from $1.8941 trillion a month earlier and $1.7668 trillion one year earlier.
Source: Mortgage Daily