Securitizations of agency mortgages finished the first half of the year on an up beat, with quarterly volume surging to the highest level since 2013.
Issuance of fixed-rate mortgage-backed securities by Fannie Mae, Freddie Mac and Ginnie Mae was $115.056 billion during the month of June.
The data was delivered to Mortgage Daily by eMBS, an online provider of mortgage data and analytics.
Securitization activity accelerated compared to the prior month, when the trio of housing finance agencies saw $109.364 billion in volume.
The increase in monthly activity was more spectacular on a year-over-year basis, with MBS issuance soaring from $72.355 billion in the same month last year.
Second-quarter 2015 agency issuance
was $340.616 billion — the best quarter since the third-quarter 2013, when securitizations of mortgages for the three firms totaled $367.997 billion.
During the first half of this year, agency issuance amounted to $601.278 billion.
Leading last month’s activity was Fannie, where fixed-rate issuance increased six percent from May to $42.591 billion.
Volume at the Washington-based company
during the six months ended June 30 totaled $236.719 billion.
Also seeing a six percent month-over-month increase was McLean, Virginia-based Freddie, which had $33.222 billion in issuance during June.
Freddie’s year-to-date issuance came to $170.292 billion.
A four percent increase from May to June put Ginnie’s volume last month at $39.244 billion.
Issuance of fixed-rate Ginnie MBS
from Jan. 1 to June 30 worked out to $194.268 billion.
