A decline in business last month at the Federal National Mortgage Association more than offset an improvement at the Federal Home Loan Mortgage Corp.
Issuance of fixed-rate mortgage-backed securities at Fannie Mae, Freddie Mac and the Government National Mortgage Association totaled $144.127 billion during June.
MBS securitizations slowed from the previous month, when fixed-rate agency issuance amounted to $146.010 billion.
eMBS, which supplied the data, reported that volume totaled $134.071 billion in June 2012.
From Jan. 1 through June 30, agency issuance totaled $888.871 billion.
Diminished activity last month was attributable to Fannie, where issuance fell to $63.492 billion from $69.879 billion in May. Volume at the Washington, D.C.-based firm was $61.794 billion a year earlier.
Fannie’s year-to-date business amounted to $421.068 billion.
At Ginnie Mae, which is also based in Washington, D.C., fixed-rate issuances slipped to $36.860 billion from $37.622 billion and was $30.519 billion during the same month in 2012.
Issuance of Ginnie MBS was $212.864 billion during the first half of this year.
McLean, Va.-based Freddie was the only one of the trio to see higher activity last month.
Freddie’s issuances jumped to $43.775 billion from $38.509 billion in May and were also better than $41.758 billion in June 2012.
Freddie’s fixed-rate issuances during the first six months of 2013 were $254.939 billion.
