Residential lenders issued $36.4 billion of Government National Mortgage Association MBS in April, a 25% spike from the prior month, according to new figures released by the agency.
The new report shows that issuers securitized $28.9 billion of single-family mortgages in Ginnie Mae II pools (excluding reverse mortgages), compared to $21.5 billion the month before.
Securitizations of FHA jumbo mortgages hit $979 million in April. It’s the first time since December 2010 that Ginnie jumbos exceeded $900 million.
Reverse mortgage lenders securitized $504 million of FHA-insured home equity conversion mortgages, down from $883 million in March.
Issuers also placed $5.3 billion of single-family loans and $1.8 billion in multifamily loans in Ginnie I pools in April.
Ginnie Mae-guaranteed MBS are backed by Federal Housing Administration, Department of Veterans Affairs and Rural Housing Service loans.