While monthly issuance was lower at the Government National Mortgage Association, volume moved up at the Federal National Mortgage Association and the Federal Home Loan Mortgage Corp.
Fixed-rate issuance of mortgage-backed securities by all three agencies amounted to $127.4 billion during November based on information provided by eMBS. The trio lifted collective volume from $126.7 billion in October. During the same month last year, issuances totaled $93.0 billion.
Year-to-date Nov. 30, the three companies have issued $1.120 trillion.
Fixed-rate issuances at Fannie Mae edged up to $64.1 billion from October’s $63.7 billion and November 2009’s $35.5 billion. Fannie’s year-to-date business was $487.8 billion.
At Freddie Mac, volume crept up to $36.6 billion from $35.9 billion a month earlier and $25.3 billion a year earlier. From Jan. 1 to Nov. 30, Freddie’s issuances were $316.8 billion.
Finally, Ginnie Mae’s fixed-rate issuances were $26.6 billion, lower than October’s $27.1 billion. Ginnie’s business has deteriorated from November 2009, when volume was $32.2 billion. Through Nov. 3, Ginnie’s issuances totaled $316.0 billion.
