Increases in monthly issuance at the Federal Home Loan Mortgage Corp. and the Government National Mortgage Association weren’t enough to offset a decline at the Federal National Mortgage Association,
Issuance of fixed-rate mortgage-backed securities on behalf of all three housing finance agencies was $80.980 billion in January.
eMBS reported the data.
Securitizations were off from $86.163 billion in MBS issued the previous month.
But activity increased from the same month last year, when agency fixed-rate issuance came in at $64.711 billion.
Dragging down overall activity was Fannie Mae, where issuance tumbled to $33.660 billion from December’s $40.468 billion.
In the first month of 2014, the Washington-based company’s issuance was $25.705 billion.
There was barely a change in month-over-month issuance at Ginnie Mae — inching up to $25.776 billion last month from $25.510 billion in the final month of 2014.
Issuance of the government-owned corporation’s MBS was $20.152 billion in January 2014.
McLean, Va.-based Freddie Mac’s fixed-rate issuance
moved up to $21.544 billion from $20.186 billion a month earlier and $18.854 billion a year earlier.
