After falling to a two-year low, securitizations of agency mortgages increased last month. The Federal Home Loan Mortgage Corp. the was out front of the gain — rising to the highest level since last year.
Between Freddie Mac, Fannie Mae and Ginnie Mae, issuance of fixed-rate mortgage-backed securities worked out to $91.400 billion during April.
Agency issuance strengthened by a 10th from one month previous — when securitizations tumbled to the lowest volume since February 2016.
But issuance was no different than in March 2017.
Those details were provided to Mortgage Daily by eMBS.
From Jan. 1, 2018, through the end of last month, fixed-rate agency issuance amounted to $364.828 billion.
Leading the month-over-month gain was Freddie,
with issuance at the McLean, Virginia-based company soaring 23 percent from March to $25.697 billion. Freddie’s activity was up from April 2017 by 26Â percent — the most of the three government-controlled entities.
So far this year, $88.652 billion in Freddie Mac fixed-rate MBS have been issued.
An 11 percent month-over-month gain was reported for Ginnie Mae, which saw $30.987 billion in securitizations. But the government-owned corporation experienced a 12 percent decline on a year-over-year basis.
During the first-four months of 2018, there have been $122.507 billion in fixed-rate MBS issued on behalf of Washington-based Ginnie.
With $34.716 billion in fixed-rate MBS issued last month, Washington-based Fannie Mae’s volume inched up 1 percent from a month earlier but slipped 3 percent from a year earlier.
Year-to-date issuance of Fannie Mae MBS amounted to $153.669 billion.
