Ginnie Mae MBS issuance holds strong

Ginnie Mae mortgage-backed securities issuance totaled $113.4 billion in the second quarter of 2013, down from $119.3 for the first quarter of the year, according to data released by the government-owned enterprise.

Additionally, lenders issued and sold $36.4 billion in MBS in March, including $28 billion in single-family loans in Ginnie Mae II and in Ginnie Mae I pools.

Meanwhile, reverse mortgage lenders securitized $889 million in Federal Housing Administration-insured home equity conversion mortgages in March, compared to $695 million the month prior.

Securitizations of jumbo loans accounted for $754 million in March, down from $1.1 billion in February.

March issuance of multifamily MBS hit $2.3 billion, up from $2 billion in the previous month. 

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