Residential lenders issued $36.4 billion of Ginnie Mae MBS in April, a 25% spike from the prior month, according to new figures released by the agency.

The new report shows that issuers securitized $28.9 billion of single-family mortgages in Ginnie Mae II pools (excluding reverse mortgages), compared to $21.5 billion the month before.

Securitizations of FHA jumbo mortgages hit $979 million in April. It’s the first time since December 2010 that Ginnie jumbos exceeded $900 million.

Reverse mortgage lenders securitized $504 million of FHA-insured home equity conversion mortgages, down from $883 million in March.

Issuers also placed $5.3 billion of single-family loans and $1.8 billion in multifamily loans in Ginnie I pools in April.

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

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.