Monthly issuance at the three federally controlled housing finance agencies turned solidly higher from the prior month, though there was a year-over-year decline.
The final month of the first-half 2017 saw $105.441 billion in fixed-rate mortgage-backed securities issued on behalf of Fannie Mae, Freddie Mac and Ginnie Mae.
Securitizations turned solidly higher compared to the previous month, when there were $94.344 billion in MBS issued on behalf of the government-controlled firms.
That is according to data provided to Mortgage Daily by eMBS.
Still, agency issuance slowed versus the same month last year, when the total was $118.126 billion.
From Jan. 1, 2017, through mid-year, agency issuance amounted to $607.961 billion.
Out front of the month-over-month improvement was
the Federal Home Loan Mortgage Corp., where fixed-rate MBS issuance climbed 13.3 percent from May 2017 to $24.209 billion. But volume tumbled 18 percent from June 2016.
For the entire first half of this year, McLean, Virginia-based Freddie’s issuance came to $153.754 billion.
Over at the
Federal National Mortgage Association, MBS issuance rose 12.5 percent from a month earlier to $42.679 billion. Secondary activity slipped 6 percent, though, from a year earlier.
Washington-based Fannie generated $241.832 billion in fixed-rate issuances during the first-six months of 2017.
With a 10 percent increase from May 2017, the Government National Mortgage Association had the smallest gain.
Last month’s issuance of $38.553 billion was 10 percent less than in June 2016.
Government-owned Ginnie has seen $212.375 billion in fixed-rate MBS issued during the six months ended June 30, 2017.
