Tuesday, October 06, 2015 1:09:59 PM
By John Bancroft
jbancroft@imfpubs.com
Riding a wave of heavy purchase-mortgage activity, Ginnie Mae issuers produced a record $128.23 billion of single-family MBS during the third quarter of 2015, according to a new Inside FHA/VA Lending ranking and analysis.
The third-quarter figure, which includes FHA home-equity conversion mortgage MBS, was up 6.5 percent from the second quarter of this year. The previous record was $125.68 billion, set back in the third quarter of 2009.
Loan-level MBS data, which do not include HECMs and have truncated loan amounts, show hefty gains in purchase-mortgage activity that more than offset the sharp decline in refinances.
The flow of FHA purchase mortgages jumped 37.7 percent from the second to the third quarter, and VA purchase mortgages rose 37.9 percent over the same period. For full details and an exclusive ranking on the top issuers, see the new edition of Inside FHA/VA Lending, now available online.
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