The Federal National Mortgage Association led a month-over-month decline in the issuance of agency mortgage-backed securities.
Between Fannie Mae, Freddie Mac and Ginnie Mae, combined issuance of fixed-rate MBS amounted to $75.676 billion during November.
That was less than the $87.892 billion in securitizations a month earlier and the lowest level of activity since June.
In the same month last year, collective MBS issuance at the trio of housing finance agencies was $79.650 billion.
The data was provided courtesy of eMBS.
From Jan. 1 through Nov. 30 of this year, fixed-rate agency issuance totaled $792.664 billion.
Fannie took the biggest hit last month, with fixed-rate issuance at the Washington-based firm falling 19 percent from October to $29.092 billion. Fannie’s volume was down 20 percent from November 2013.
During the 11 months ended Nov. 30, Fannie’s issuance was $318.840 billion.
An 11 percent decline from the previous month left Ginnie’s November fixed-rate issuance at $24.873 billion. The government-owned corporation’s activity, however, climbed 8 percent from the same month in 2013.
Ginnie’s year-to-date Nov. 30 issuances totaled $254.157 billion.
McLean, Va.-based Freddie’s business was off just 8 percent from October to $21.711 billion. Year-over-year volume at the secondary lender was up 6 percent.
With just one month left in 2014, Freddie has issued $219.668 billion in fixed-rate MBS so far this year.
