The Federal National Mortgage Association led a month-over-month rise in agency issuance, while the Federal Home Loan Mortgage Corp. was out front of a year-over-year gain.
Issuance of fixed-rate mortgage-backed securities on behalf of Fannie Mae, Freddie Mac and Ginnie Mae came to $97.058 billion during May.
Agency securitizations increased from $91.400 billion one month previous and $94.329 billion one year previous.
The numbers were reported to Mortgage Daily by eMBS.
From Jan. 1, 2018, through the end of last month, agency issuance amounted to $461.882 billion.
Fixed-rate MBS issuance of $37.489 billion at Washington-based Fannie was up from April by 8 percent — the most of the three agencies. Fannie’s business slipped 1 percent, though, from May 2017.
Year-to-date volume at Fannie was $191.155 billion.
A 5.12 percent increase left Freddie’s issuance at $27.012 billion in May 2018. Issuance at Freddie has soared from May 2017 by 26 percent — more than either of its two counterparts.
Securitizations at McLean, Virginia-based Freddie in the five months ended May 31, 2018, worked out to $115.663 billion.
A 5.07 percent increase from a month earlier put government-owned Ginnie’s issuance at $32.557 billion. Securitizations were down 7 percent from a year earlier.
In the five months ended May 31, 2018, Washington-based Ginnie’s issuance totaled $155.065 billion.
