Mortgage Daily

Published On: January 4, 2016

The issuance of agency mortgage-backed securities was up by 38 percent last year, and a nearly one-half gain at the Government National Mortgage Association led the growth.

Issuance of fixed-rate MBS on behalf of  the Federal National Mortgage Association, the Federal Home Loan Mortgage Corp. and Ginnie Mae was $87.328 billion in December.

Activity accelerated from one month prior, when volume came to $82.953 billion.

Compared to the same month last year, agency MBS issuance ascended 15 percent.

eMBS provided the data to Mortgage Daily.

For all of 2015, fixed-rate agency issuance amounted to $1.2126 trillion, substantially increasing from $0.8786 trillion during all of 2014.

Issuance of fixed-rate MBS on behalf of Fannie jumped 36 percent from the prior month to $36.314 billion in December 2015. Fannie’s issuance was up a quarter on a year-over-year basis.

For all 12 months of last year, Washington-based Fannie’s issuance totaled $461.350 billion, growing 28 percent from 2014.

Compared to November 2015, Freddie Mac’s business
was off three percent to $21.985 billion. But Freddie’s issuance inched up a percent from December 2014.

During the 12 months ended Dec.31, 2015, issuance at McLean, Virginia-based Freddie came to $333.363 billion, a 39 percent improvement from the prior 12-month period.

Washington-based Ginnie Mae saw issuance of $29.029 billion in December 2015,
off 14 percent from a month earlier but 17 percent better than a year earlier.

Full-year 2015 issuance for government-owned Ginnie totaled $417.872 billion — surging 49 percent from 2014.

The year-over-year growth at Ginnie reflects the growing share of home lending that is either insured by the Federal Housing Administration or guaranteed by the Department of Veterans Affairs.

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