Issuance of mortgage-backed securities jumped by a quarter last month at Fannie Mae. Activity at its two agency counterparts was also higher, though nowhere near as strong.
Combined fixed-rate issuance at Fannie, Freddie Mac and Ginnie Mae amounted to $88.0 billion during September. Volume was up from $77.5 billion a month earlier.
However, securitizations sank from $128.6 billion a year earlier.
The findings were reported by eMBS, which provides online access to mortgage data and analytics.
Since the beginning of this year, agency issuance amounted to $741.0 billion.
Last month’s strength was at Washington, D.C.-based Fannie, where issuances jumped to $42.4 billion from August’s $33.9 billion. But Fannie was also responsible for much of the decline from September 2010 — when it issued $64.5 billion.
From Jan. 1 through Sept. 30, volume at Fannie totaled $344.3 billion.
Securitizations at Freddie inched up to $22.5 billion in September from the prior month’s $21.1 billion. Freddie’s issuances were $35.1 billion 12 months prior. The McLean, Va.-based company’s year-to-date issuances were $202.2 billion.
Government-owned Ginnie managed a slight gain last month, with issuances coming in at $23.1 billion versus $22.5 billion in August. Ginnie’s volume slipped from the same month last year, when fixed-rate issuance came in at $28.9 billion.
So far during 2011, issuers of Ginnie fixed-rate MBS have put out $194.5 billion in securities.
