Issuance of agency mortgage-backed securities climbed to the highest level in nearly two years, and the Federal Home Loan Mortgage Corp. had the biggest month-over-month gain.
Fixed-rate MBS issuance for Freddie Mac, Fannie Mae and Ginnie Mae came to $125.074 billion during July.
It was the strongest month for MBS issuance on behalf of the trio of government-controlled companies since August 2013, when $126.485 billion was securitized.
The data was delivered to Mortgage Daily by information provider eMBS.
Activity was up compared to the previous month, when issuance was $115.056 billion.
A year earlier, volume totaled $80.115 billion.
During the first seven months of this year, fixed-rate agency MBS issuance amounted to $726.325 billion.
McLean, Virginia-based Freddie led the month-over-month increase in activity, with fixed-rate MBS issuance jumping 14 percent from June to $37.986 billion.
So far this year, Freddie’s issuances came to $208.259 billion.
At government-owned Ginnie, fixed-rate issuance was $43.895 billion in July, rising 12 percent from the prior month.
From Jan. 1 through July 31, issuance of MBS on behalf of the Washington-based corporation
totaled $238.154 billion.
A one percent month-over-month increase left Washington-based Fannie with $43.194 billion in fixed-rate issuance last month.
In the seven months ended July 31, Fannie’s issuance came to $279.912 billion.
