A drop in securitizations at the Federal Home Loan Mortgage Corp. pulled agency issuance down on a month-over-month and year-over-year basis.
March 2017 finished with $90.942 billion in fixed-rate mortgage-backed securities issued on behalf of Fannie Mae, Freddie Mac and Ginnie Mae.
Volume retreated from the previous month, when agency issuance came to $94.316 billion. It was also lower than $96.848 billion a year previous.
Those details were provided by eMBS.
For the entire first-quarter 2017, fixed-rate MBS issued on behalf of the trio of government-controlled entities amounted to $316.964 billion.
Leading last month’s drop was Freddie, where fixed-rate MBS issuance was $23.306 billion, tumbling 13 percent from February and 14 percent lower than March 2016.
So far this year, securitizations at the McLean, Virginia-based organization totaled $87.847 billion.
A 6 percent decline from a month earlier at the Government National Mortgage Association left March 2017 volume at $30.310 billion. Volume was off 5 percent from the same month last year.
Washington-based Ginnie has seen $103.712 billion in fixed-rate MBS issued on its behalf since the beginning of 2016.
At the Federal National Mortgage Association, however, fixed-rate MBS issuance rose 5 percent from February 2017 to $37.327 billion. Still, securitizations at the Washington-based firm dipped 2 percent on a year-over-year basis.
From Jan. 1, 2017, through March 31, Fannie Mae issuance worked out to $125.404 billion.
