twitter linkedin
facebook google+
Search:

Mortgage News

News by Subject
Complete list of specialty news sections.

Purchase Subscription
Subscribe to MortgageDaily.com and get immediate access to all news, statistics and archives.

Mortgage Advertising
Reach mortgage executives, loan originators and other people tied to mortgage industry.

Consumer Mortgage News
Free mortgage news for prospective borrowers.

Mortgage Newsletter
Free e-mail newsletter with the latest headlines from MortgageDaily.com.

Mortgage News Reprints
Put entire MortgageDaily.com stories in your online or printed newsletter or publication.

Mortgage Feedget RSS code
Condensed MortgageDaily.com stories free on your Web site or for your RSS reader.

News Archives
Archive of MortgageDaily.com stories by month going back to 1999.

Press Releases
Reports and announcements from MortgageDaily.com.

Mortgage Statistics
Data and statistics for real estate finance.

Mortgage Directories
Directories of lenders, branch operators and mortgage service providers.

Mortgage Graphs
Directories of lenders, branch operators and mortgage service providers.

home subscribe advertise reprints e-mail help RSS about us LOG IN

Mortgage News

 

Mortgage News

HOT Topics

production

servicing

compliance

legal

fraud

secondary

jobs

appraisal

site map

www.loan-academy.com/
Mortgage Backed Securities | MBS News | MBS Statistics
News about commercial and residential mortgage-backed securities. Stories about ratings actions and changes to servicer ratings. Studies and reports about the performance of securitizations and problem vintages and classes. Subprime, Alt-A, home equity and j u m b o analysis.


Conventional Issuance Down, Ginnie Up

$63.5 billion in fixed-rate agency issuance during May

June 1, 2011

By MortgageDaily.com staff


Despite declines at its conventional rivals, Ginnie Mae eked out a monthly gain in mortgage-backed securities issuance. It's been about two-and-a-half years since overall agency volume has fallen this low.

Between Ginnie, Fannie Mae and Freddie Mac -- issuance of fixed-rate MBS amounted to $63.5 billion during May, according to data provided by eMBS. The volume of securitizations was off from $68.1 billion reported for April.

Issuance at the three agencies has tumbled from May 2010, when volume was $86.3 billion.

The last time agency issuance of fixed-rate MBS was this low was January 2009, when securitizations totaled just $62.3 billion.

At the Government National Mortgage Association, as Ginnie is formally known, volume inched up to a little more than $19.8 billion from a little less than $19.8 billion. Still, the government-owned corporation saw a decline from $30.6 billion during the same month last year.

Ginnie can expect lower volume this month based on Federal Housing Administration endorsements, which fell to 93,394 mortgages for $16.8 billion during April from 99,112 endorsements for $18.3 billion in March.

From January through May, Ginnie's issuances totaled $106.0 billion.

Issuance of Fannie's fixed-rate securities declined to $26.4 billion from April's $28.7 billion and $33.0 billion a year prior. Fannie securitizations add up to $211.4 billion so far during 2011.

May volume of $17.3 billion at Freddie was worse than $19.7 billion a month earlier and $22.8 billion a year earlier. Freddie's year-to-date issuances amount to $125.2 billion.

Conventional activity has risen during the past month-and-a-half based on the Mortgage Market Index from Mortech Inc. and Mortgage Daily -- suggesting a little more volume is possible this month at the two government-controlled enterprises.

next story

back to current headlines


Origination News | Lender Ranking | Fundings by Lender | Statistics
Quarterly residential mortgage production by lender. Subprime, Alt-A, home equity and conforming originations. Volume by quarter since 2003.


GSE News | Fannie/Freddie Share Statistics
Fannie, Freddie and FHLB news. Coverage of government sponsored enterprise regulation, operations and litigation.


FHA News | Government Resources | M o r t g a g e e Letters | FHA Statistics
FHA, VA and HECM mortgage news. HUD and G i n n i e news also. Originations, servicing and FHA approval.



Secondary Marketing News | Correspondent Lender Directory
Mortgage portfolio trades and forward commitments. Correspondent lending, r e p u r c h a s e s and warehouse news. Secondary marketing statistics and lawsuits.



Logout forgot
password?

SUBSCRIBERS: Edit Subscription | Subscription Help | or call 214.521.1300

Subscribe Contact Us Site Map

Copyright © 2017 Mortgage Daily, D a l l a s
Subsribers Only:

AMC directory

ARM indexes

mortgage company directory

mortgage regulations

net branch directory

p r i c i n g engine directory

wholesale lender directory

More Mortgage News Resources (full site map):

advertising news

appraisal news

bank news

biggest lenders

commercial mortgage news

corporate mortgage news

credit news

FHA news

financial regulation news

foreclosure news

GSE news

jumbo mortgage news

interest rates

loan modification news

loan originator survey

LOS Newsletter

MBS

mortgage associations

mortgage-backed securities

mortgage books

mortgage brokers

mortgage compliance

mortgage conferences

mortgage directories

mortgage education

mortgage employment

mortgage employment index

mortgage executives

mortgage fraud

mortgage fraud blog

mortgage fraud local news

Mortgage Fraud Index

Mortgage Graveyard

mortgage insurance news

mortgage lawsuits

mortgage leads

mortgage lender ranking

mortgage licenses

mortgage litigation

Mortgage Litigation Index

Mortgage Market Index

mortgage mergers

mortgage news

mortgage politics

mortgage press releases

mortgage production

mortgage public relations

mortgage rates

mortgage servicing

mortgage statistics

mortgage technology

mortgage video

mortgage Webinars

net branch

net branch directory

nonprime news

origination news

originator tools

real estate news

refinance news

reverse mortgage news

secondary marketing

social media

servicing news

subprime news

wholesale lenders