Despite a decline in the monthly issuance of mortgage-backed securities at Fannie Mae, overall agency MBS issuance increased.
Total issuance of fixed-rate MBS by Fannie, Freddie Mac and Ginnie Mae amounted to $85.192 billion in August.
Activity accelerated from the prior month, when the three entities issued $80.139 billion in securities.
But volume was nowhere near the $126.485 billion in MBS issuances during the same month last year.
The data, provided by eMBS, indicate that fixed-rate agency MBS issuance added up to $542.272 billion during the first eight months of this year.
Out front of the gain from July was Freddie, where fixed-rate MBS issuance jumped 18 percent to $25.489 billion in August.
In August 2013, issuance at McLean, Va.-based Freddie was $32.727 billion.
From Jan. 1 through Aug. 31, Freddie issuances amounted to $149.829 billion.
Also putting in an impressive month-over-month performance was Ginnie, where fixed-rate MBS issuances climbed 12 percent from July to $28.498 billion.
Government-owned Ginnie generated $31.880 billion in issuance during August 2013.
Year-to-date Aug. 31, Ginnie’s issuances were $175.241 billion.
MBS activity dropped to $31.206 billion during August at Fannie from $33.040 billion a month earlier and $61.879 billion a year earlier.
Washington-based Fannie’s issuances during the eight months ended Aug. 31 were $217.202 billion.
