Securitization of refinance loans declined sharply from the second to the third quarter of 2025, while purchase-mortgage volume increased moderately. (Includes four data tables.)

Issuance of Ginnie Mae single-family mortgage-backed securities declined slightly in August. FHA deliveries were off by 1.9% due to a downturn in purchase mortgages. (Includes two data tables.)

Issuance of Ginnie Mae mortgage-backed securities in July declined slightly from the previous months due to a slowdown in refinances. (Includes two data tables.)

Refinances were the key reason that Ginnie MBS issuance saw sharper-than-usual increases in the second quarter of 2025. Issuance was up 30.7% from the first quarter, including a nearly 50% increase in VA refi volume. (Includes four data tables.)

Issuance of both purchase mortgages and refinances increased last month, with refi volume hitting its highest level since November. Most Ginnie issuers in the top 10 beat the overall monthly growth. (Includes two data tables.)

Ginnie Mae MBS issuance increased 29.7% from March to April, driven by strong refinance activity. Monthly volume was up in all four government-backed mortgage programs. (Includes two data tables.)

Loan removals from Ginnie Mae MBS in the first quarter were driven by lower borrower payoffs. Meanwhile, loss-mitigation removals hit a three-year peak. (Includes two data tables.)

A rise in interest rates around the beginning of the year suppressed refi volume to some extent. PennyMac was the top Ginnie issuer of both FHA and VA mortgages in the first quarter. (Includes four data tables.)

The Ginnie Mae market continued to retreat in February. Most securitizers lost volume and PennyMac retained its top spot despite a 29.4% decline in issuance volume. (Includes two data tables.)

Some $202.78 billion of loans were removed from Ginnie Mae MBS last year, with about 88% of them representing borrower payoffs. (Includes two data tables.)