Ginnie MBS Issuance Backs Off Record

Following an all-time high reached at the Government National Mortgage Association, monthly mortgage securitizations settled back to a still-robust pace.

The unpaid principal balance of Ginnie Mae mortgage-backed securities outstanding concluded October at $1.7393 trillion based on monthly operational data.

The Washington-based corporation’s book of business expanded from $1.7281 trillion as of a month earlier and $1.6231 trillion as of a year earlier.

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From:: Financing