Securitizations completed on behalf of the Government National Mortgage Association were the highest they've been in almost one year.
Including residential and commercial real estate activity, issuance of Ginnie Mae mortgage-backed securities totaled $45.185 billion during June.
The findings were based on a
Mortgage Daily
analysis of monthly operational data released Tuesday by the government-owned organization.
Ginnie MBS Issuance Hits 11-Month High