The issuance of mortgage-backed securities by the government-controlled agencies last month ascended to the highest level in nearly a year.
There were $118.148 billion in fixed-rate MBS issued on behalf of
Fannie Mae, Freddie Mac and Ginnie Mae in June.
Based on historical issuance data, the three organizations’
collective securitizations were greater than during any single month since July 2015, when issuance was $125.069 billion.
The data war provided to Mortgage Daily by eMBS.
Issuance came to $112.235 billion in May 2016 and $115.069 billion in June 2015.
During the first half of this year, issuance on behalf of the trio of companies amounted to $597.116 billion.
The Federal National Mortgage Association saw its fixed-rate issuance climb 7 percent from May 2016 and June 2015 to $45.585 billion.
From Jan. 1 through June 30 of this year, Washington-based Fannie’s volume totaled $229.861 billion.
Issuance of fixed-rate MBS on behalf of the Government National Mortgage Association was up 7 percent from the prior month to $42.880 billion in June 2016. Compared to a year earlier, securitizations increased 9 percent — the biggest year-over-year rise among the agencies.
Government-owned Ginnie’s issuances worked out to $214.139 billion during the six months ended June 30.
A 1 percent gain from May 2016 put issuance of the Federal Home Loan Mortgage Corp.’s fixed-rate MBS at $29.683 billion last month. But unlike its peers, Freddie’s securitizations subsided 11 percent from the same month last year.
Year-to-date issuance at McLean, Virginia-based Freddie totaled $153.117 billion.
