Ginnie Mae mortgage-backed securities issuance totaled $38.7 billion in February, up 1% from January, according to data released by the government-sponsored enterprise. 

Issuers securitized $25.7 billion in single-family loans in Ginnie Mae II pools and also securitized $4.9 billion Ginnie I pools. 

In January, issuers securitized $29.6 billion in single-family loans for both Ginnie I and Ginnie II pools. 

Securitizations of jumbo mortgages totaled $1.1 billion in February, up from $932 million in January, the GSE reported. 

Additionally, issuance of multifamily MBS dropped to $2 billion, compared to $2.4 billion from last month.