The volume of apartment loans securitized by the Federal National Mortgage Association nearly doubled on a quarter-over-quarter basis.
Fannie Mae reported that it issued around $9.1 billion in multifamily mortgage-backed securities during the three months ended Sept. 30.
Apartment securitizations soared from the second quarter, when the Washington, D.C.-based company issued $4.6 billion in multifamily MBS.
Activity was also up from the same three-month period last year, when multifamily issuances were $5.7 billion.
The latest activity brought year-to-date issuances to $17.2 billion.
Fannie said it additionally re-securitized three transactions for $3.1 billion in DUS MBS through its guaranteed multifamily structures during the third-quarter 2014.
Year-to-date GeMS volume was $9.5 billion.
“The company’s DUS MBS securities provide market participants with highly predictable cash flows and call protection in defined maturities of five, seven and ten years,” the report said. “Fannie Mae’s GeMS program consists of structured multifamily securities created from collateral specifically selected by Fannie Mae Capital Markets.”
The secondary lender said it sold $3.3 billion of multifamily mortgage securities from its portfolio during the latest period.
