Fixed-rate agency issuance during the first seven months of 2013 topped a trillion dollars. Volume would have been even greater had it not been for a decline last month at the Federal Home Loan Mortgage Corp. and the Government National Mortgage Association.
Collective issuance of fixed-rate mortgage-backed securities at the Federal National Mortgage Association, Freddie Mac and Ginnie Mae totaled $139.576 billion during just July.
Issuance at the trio of government-supported housing finance agencies slipped from a month earlier, when $144.127 billion in MBS was securitized.
In the same month last year, fixed-rate MBS issuance amounted to $127.671 billion.
The statistics were supplied to Mortgage Daily by data provider eMBS.
From Jan. 1 through July 31, fixed-rate agency issuance totaled $1.0284 trillion.
Freddie had the biggest negative impact on July’s activity, with MBS issuance at the McLean, Va.-based company falling to $35.671 billion from $43.775 billion the prior month. Freddie’s issuance was higher, however, than $31.748 billion during the same month in 2012.
So far this year, Freddie’s MBS issuances totaled $290.556 billion.
Ginnie also helped drag down last month’s issuances, with its volume declining to $34.733 billion from $36.860 billion in June. Ginnie’s business was also better than in July 2012, when its fixed-rate MBS issuances amounted to $28.047 billion.
In the seven months ended July 31, government-owned Ginnie’s issuances were $247.580 billion.
At Fannie Mae, July’s MBS issuances jumped to $69.173 billion from $63.492 billion a month earlier and were also higher than $67.876 billion a year earlier.
Washington, D.C.-based Fannie’s year-to-date securitizations totaled $490.247 billion.
