After sinking in December, issuance of agency mortgage-backed securities made a partial recovery last month. The best performance was given by the Federal Home Loan Mortgage Corp., while monthly issuance declined at the Government National Mortgage Association.
Issuance of fixed-rate MBS guaranteed by Freddie Mac, Ginnie Mae and the Federal National Mortgage Association totaled $154.543 billion in January.
Activity jumped from December, when issuance amounted to $123.753 billion — though December volume had fallen by 37 percent from November.
Issuance was also stronger than January 2012, when the total was $108.540 billion, according to the data from eMBS.
Last month’s strongest performer was Freddie, where issuance climbed 54 percent from the prior month to $39.842 billion in December. Issuance of FHLMC MBS was $29.230 billion a year prior.
Fannie Mae’s issuances rose to $80.442 billion from $61.492 billion and were also up from $53.038 billion a year earlier.
Ginnie’s issuances were $34.259 billion in January, off from $36.364 billion the prior month. Volume for the Washington, D.C.-based company was $26.272 billion in the year-earlier period.
