The issuance of agency mortgage-backed securities leapt to the highest level since 2012, with monthly activity soaring to a record at Ginnie Mae.
Fixed-rate MBS issuance on behalf
of Fannie Mae, Freddie Mac and Ginnie worked out to $157.656 billion during September of this year.
Agency securitizations soared to the highest level since November 2012’s downwardly revised $195.610 billion — a three-year high at the time.
That was based on historical data was provided to Mortgage Daily by MBS.
Agency issuance totaled
$135.436 billion in August 2016 and a downwardly revised $108.108 billion in September 2015.
During the first-three quarters of 2016, issuance amounted to $1.0169 trillion.
A 20 percent increase from August in fixed-rate issuance at the Federal National Mortgage Association
left last month’s issuance at $63.286 billion.
From Jan. 1 through Sept. 30, securitizations at Washington-based Fannie worked out to $393.381 billion.
The Federal Home Loan Mortgage Corp.
saw a 16 percent month-over-month improvement, putting August 2016’s fixed-rate issuance at $43.028 billion.
During the nine months ended Sept. 30, there have been $267.862 billion in MBS issued on behalf of McLean, Virginia-based Freddie.
Last month’s fixed-rate MBS issuances on behalf of the Government National Mortgage Association increased 16 percent from August to $51.342 billion — the highest level on record.
Year-to-date
volume at Washington-based Ginnie stood at $355.672 billion as of Aug. 31.
