Mortgage Daily

Published On: January 3, 2017

Issuance of mortgage-backed securities at the Federal National Mortgage Association soared last month, driving up overall agency issuance.

Fixed-rate MBS issued on behalf of Fannie Mae, Freddie Mac and Ginnie Mae came to $156.852 billion during the final month of 2016.

Agency securitizations leapt from November, when the total was $132.813 billion, and skyrocketed from $87.273 billion in December 2015.

The data was reported by eMBS.

Washington-based Fannie was responsible for the overall surge, with fixed-rate MBS issuance soaring 52 percent from a month earlier to $71.025 billion in December 2016. Fannie’s issuance skyrocketed 96 percent from a year earlier.

A 1 percent increase from November left fixed-rate issuance at the Federal Home Loan Mortgage Corp. at $40.154 billion last month. Freddie’s business was up 83 percent on a year-over-year basis.

Over at the Government National Mortgage Association, fixed-rate MBS issuance dipped 1 percent from the previous month to $45.673 billion in December 2016. Ginnie’s activity rose 57 percent from
December 2015.

Full-year issuance on behalf of all three companies amounted to $1.4509 trillion, strengthening from $1.2126 trillion during all of 2014.

The 2016 total
included $0.5747 trillion in Fannie issuance on behalf of Fannie; $0.3826 trillion issued on behalf of McLean, Virginia-based Freddie; and $0.4937 trillion issued on behalf of Washington-based Ginnie.

FREE CALCULATORS TO HELP YOU SUCCEED
Tools for Your Next Big Decision.

Amortization Calculator

Affordability Calculator

Mortgage Calculator

Refinance Calculator

FHA Mortgage Calculator

VA Mortgage Calculator

Real Estate Calculator

Tags

Pre-Approval Resources!

Making well educated decions in a matter of minutes and stay up to date on the latest news Mortgage Daily has to offer. Read our latest articles to stay up to date on what’s going on…

Resource Center

Since 1998, Mortgage Daily has helped millions of people such as yourself navigate the complicated hurdles of the mortgage industry. See our popular topics below, search our website. With over 300,000 articles, we are guaranteed to have something for you.

Your mortgages approval starts here.

Add 1-2 sentence here. Add 1-2 sentence here. Add 1-2 sentence here. Add 1-2 sentence here. Add 1-2 sentence here.

Stay Up To Days with Today’s Latest Rates

Mortgage

Today’s rates starting at

4.63%

5/1 ARM
$200,000 LOAN

Home Refinance

Today’s rates starting at

4.75%

30 YEAR FIXED
$200,000 LOAN

Home Equity

Today’s rates starting at

3.99%

3 YEAR
$200,000 LOAN

HELOC

Today’s rates starting at

2.24%

30 YEAR FIXED
$200,000 LOAN