The Government National Mortgage Association said it guaranteed more than $27.7 billion in mortgage backed securities in July.
Lenders issued more than $15.2 billion of Ginnie Mae II single family pools and $7.26 billion Ginnie Mae I single-family pools.
The latest issuance also shows a steady incline for HECM Mortgage Backed Securities (HMBS).
Ginnie Mae HMBS issuance showed a strong increase in July, posting $991 million in HMBS, a 20% increase over its June total of $801 million. The issuance has rallied throughout the year, and July’s increase marks its second consecutive gain since it fell in May.
Written by Elizabeth Ecker
