With the Federal Home Loan Mortgage Corp. leading the way, agency securitizations moved up from the prior month but slowed from a year prior.
Between
Fannie Mae, Freddie Mac and Ginnie Mae, fixed-rate issuance of mortgage-backed securities worked out to $108.265 billion during July.
Securitizations on behalf of the trio of housing finance agencies increased compared to the
preceding month, when the total came to $105.441 billion.
But activity has slowed significantly since the same month last year, when the total was $126.873 billion.
Based on historical data from eMBS, which provided the latest figures to Mortgage Daily, agency MBS issuance amounted to $716.210 billion during the first-seven months of 2017.
Freddie
was out front of the month-over-month gain with fixed-rate MBS issuance climbing 9 percent from June to $26.431 billion. But the McLean, Virginia-based company had the biggest year-over-year decline: 24 percent.
From Jan. 1, 2017, through July 31, Freddie’s issuance totaled $180.181 billion.
Over at government-owned Ginnie Mae, issuance inched up 0.8 percent to $38.858 billion in July and declined 13 percent from the same month last year.
Washington-based Ginnie’s year-to-date issuance came to $251.228 billion.
With an 0.7 percent increase at Fannie Mae, last month’s securitizations were $42.976 billion. The Washington-based secondary lender’s business subsided 9 percent from July 2016.
So far in 2017, Fannie’s fixed-rate MBS issuance was $284.801 billion.
