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Monthly MBS Issuance Surges at Fannie Mae

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.

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