The issuance of mortgage-backed securities sank last month at the Federal National Mortage Associations, the Federal Home Loan Mortgage Corp. and the Government National Mortgage association.
Between Fannie Mae, Freddie Mac and Ginnie Mae — the issuance of fixed-rate mortgage-backed securities totaled $99.4 billion last month, according to data provided to Mortgage Daily by eMBS.
Volume sank from $123.2 billion in January but was higher than February of last year when issuance was $93.3 billion.
So far this year, the three secondary agencies have seen fixed-rate issuances of $222.6 billion.
At the biggest of the three, Fannie, volume tumbled to $46.3 billion from January’s $61.4 billion. Year-to-date issuance at the Washington, D.C.-based firm amounted to $107.7 billion.
Freddie followed Fannie with $32.5 billion in February issuances, down from $34.9 billion. During January and February, the McLean, Va.-based company had $67.4 billion in issuances.
No. 3 Ginnie had just $20.5 billion in fixed-rate issuances, falling from January’s $26.9 billion. So far this year the government-owned corporation’s volume added up to $47.4 billion.
