Volume 10 - Number 5
March 3, 2017
Downloads Available: Top Ginnie Mae Issuers: February 2017
Downloads Available: FHA Mortgage Activity by State: 12M2016
Downloads Available: VA Mortgage Activity by State: 12M2016
GNMA Issuance Tumbles in 1Q17 Following 2016’s Stellar Volume
Ginnie Mae production fell substantially in February from January as the government-insured lending market continued to lose steam in the first quarter of 2017. Ginnie mortgage-backed securities issuance fell 24.0 percent from January as fewer purchase and refinance loans were pooled for securitization, bringing February’s total issuance to just $32.2 billion. Year-over-year Ginnie MBS issuance, on the other hand, increased by 6.2 percent. The government-insured market set an all-time record of $545.0 billion in originations during 2016, a whopping 31.0 percent jump from the previous year. That total eclipsed previous records for originations of FHA, VA and rural housing loans guaranteed by the U.S. Department of Agriculture, according to data compiled by affiliate Inside Mortgage Finance. In addition, government-insured lending accounted for a record ... [ 3 charts ]
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