Issuance of Government National Mortgage Association-backed MBS jumped 12% in November on a sequential basis, to the highest level since December 2009.

Mortgage lenders issued $41.3 billion of Ginnie bonds in November, up from $36.8 billion in October, according to new figures released by the government agency.  Most of the $4.4 billion monthly increase in MBS issuance is likely due to a $3.7 billion spike in FHA single-family originations in October. (Monthly originations are not immediately securitized.)

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.