Issuance of mortgage-backed securities by the three government-controlled housing finance agencies has improved for three months in a row and reached the highest level so far this year.
Combined fixed-rate MBS issuance at the Federal National Mortgage Association, Federal Home Loan Mortgage Corp. and Government National Mortgage Association added up to $72.427 billion in June.
That turned out to be the highest level of activity by the trio for agency MBS issuance during any month this year.
Information provider eMBS released the statistics Tuesday.
Issuance was $64.222 billion a month earlier and $144.015 billion a year earlier.
During the first-half 2014, issuance amounted to $376.932 billion — nowhere near the $888.871 billion in activity during the same period last year.
The biggest gain from May was made by Fannie Mae, where fixed-rate issuance rose to $29.263 billion from $25.254 billion. In June 2013, issuance was $63.477 billion.
In the six months ended June 30, issuance at the Washington, D.C.-based company was $152.893 billion.
Next was Freddie Mac, which had $19.190 billion in fixed-rate MBSÂ issuance last month. The McLean, Va.-based company issued $16.642 billion in April and $43.704 billion in the same month last year.
Freddie’s year-to-date June 30 total was $102.772 billion.
Finally, government-owned Ginnie Mae’s fixed-rate issuances inched up to $23.974 billion from $22.327 billion in June. But, like its agency counterparts, the Washington, D.C.-based corporation saw volume sink compared to June 2013 — when issuance was $36.834 billion.
Ginnie’s issuance from Jan. 1 through June 30 totaled $121.266 billion.
