Mortgage Daily

Published On: December 1, 2015

Agency mortgage securitizations tumbled last month as activity at the Federal National Mortgage Association was lower than at the Government National Mortgage Association.

Combined issuance of fixed-rate mortgage-backed securities on behalf of Fannie Mae, the Federal Home Loan Mortgage Corp. and Ginnie Mae was $82.953 billion in November.

Volume dropped compared to the previous month, when agency issuance was $102.429 billion.

But MBS issuance at the trio of government-controlled housing finance agencies was up from the same month last year, when a combined $75.660 billion in fixed-rate MBS was issued.

The statistics were based on data provided by eMBS.

During the 11 months ended Nov. 30, fixed-rate issuance at Fannie, Freddie and Ginnie totaled $1.1253 trillion.

Compared to October, issuance at Fannie tumbled 31 percent to $26.623 billion. Securitizations at the Washington-based company were down eight percent versus November 2014.

From Jan. 1 through Nov. 30 of this year, fixed-rate issuance at Fannie amounted to $425.076 billion.

Over at Freddie, fixed-rate MBS issuance was $22.612 billion in November 2015, down 15 percent from a month earlier but up four percent from a year earlier.

Year-to-date Nov. 30, 2015, issuance at the McLean, Virginia-based firm totaled $311.384 billion.

Issuance on behalf of Washington-based Ginnie slipped nine percent from October to $33.718 billion — more than at both Fannie and Freddie. Ginnie’s issuance jumped 36 percent on a year-over-year basis.

With just a month left in the year, Ginnie’s year-to-date MBS issuances amount to $388.845 billion.

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