Despite declines at its secondary rivals, the Federal Home Loan Mortgage Corp. was able to improve its issuance of mortgage-backed securities in February.
Fixed-rate issuance at all three housing finance agencies totaled $111.318 billion last month, ascending from January’s $108.661 billion.
In February 2011, fixed-rate agency issuance amounted to $99.287 billion. During the first two months of this year, issuance totaled $219.979 billion.
Data from eMBS indicate that the increase in February 2012 activity was solely the work of Freddie Mac. The McLean, Va.-based company saw issuance climb to $35.410 billion from January’s $29.279 billion and from February of last year’s $32.504 billion.
Year-to-date issuance at Freddie came in at $64.689 billion.
February securitizations at the Federal National Mortgage Association fell to $51.442 billion from $53.111 billion and were $46.257 billion a year earlier. Fannie Mae’s volume so far this year was $104.553 billion.
At the Government National Mortgage Association, February issuances were $24.465 billion, off from $26.272 billion the prior month. During the same month in the prior year issuances totaled $20.526 billion.
From Jan. 1 through Feb. 29, there were $50.737 billion in fixed-rate Ginnie Mae issuances.
