Mortgage bankers issued $28 billion of Ginnie Mae MBS in February, down 7% from the prior month, according to new figures released Thursday.The new report shows that Ginnie-approved issuers securitized $26 billion in single-family loans, and $1.3 billion in multifamily loans in February. In addition, they securitized $718 million of FHA-insured reverse mortgages, up from $654 million in January.

The single-family pools included $426 million of Federal Housing Administration (FHA)-insured jumbo mortgages, compared to $483 million the month prior.

FHA-insured jumbo loans have loan balances above $625,500 and up to $729,750.

Ginnie Mae guaranteed MBS are backed by FHA, Department of Veterans Affairs, and Rural Housing Service loans.

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