Although securitizations dipped last month at both government-sponsored enterprises, issuance accelerated at the Government National Mortgage Association.
Issuance of fixed-rate mortgage-backed securities at all three government-controlled housing finance agencies came to $86.244 billion in January.
The total reflects monthly activity at the Federal National Mortgage Association, the Federal Home Loan Mortgage Corp. and government-owned Ginnie Mae.
The statistics were provided by eMBS.
Agency issuance slipped from the previous month, when the trio of government-controlled entities generated $87.328 billion in volume.
Activity increased, however, from the first month of last year, when issuance totaled $80.960 billion.
The month-over-month decline was led by Fannie Mae, where fixed-rate MBS issuance tumbled 8 percent to $33.274 billion.
Volume at the Washington-based company drifted down 1 percent on a year-over-year basis.
Freddie Mac saw issuance soften 1 percent from December 2015 to $21.841 billion.
But the McLean, Virginia-based secondary lender managed a 1 percent gain versus January 2015.
The only increase from the final month of 2015 was at Ginnie, where issuers of its securities pushed up volume 7 percent from December to $31.129 billion.
Compared to a year earlier, the Washington-based corporation’s issuance has improved by 21 percent.
