Mortgage lenders issued $30 billion of Ginnie Mae MBS in January, up 9% from the previous month, according to new figures released Thursday morning.
The last time Ginnie issuance hit $30 billion was in January 2011 during the peak of last year's refinancing boom.
The new report shows that Ginnie issuers securitized $268 billion of single-family and multifamily loans last year, down 33% from 2010.
In January, securitization of Federal Home Administration (FHA)-insured Jumbo and reverse mortgages increased. Mortgage bankers securitized $483 million of FHA Jumbos with loan amounts up to $729,750 in January, compared to $373 million in the previous month.
Securitizations of FHA-insured reverse mortgages totaled $654 million, up from $599 million in December.
Ginnie Mae guaranteed MBS are backed by Federal Housing Administration, Department of Veterans Affairs, and Rural Housing Services loans.
