A surge in monthly issuance of mortgage-backed securities on behalf of the Federal Home Loan Mortgage Corp. was enough to offset declines at both of its agency counterparts.
Fixed-rate MBS issuance on behalf of the Federal National Mortgage Association, Freddie Mac and the Government National Mortgage Association was $84.399 billion during February.
The secondary market data was provided by
eMBS.
Issuance ascended from $80.980 billion in the first month of this year.
Business has also strengthened compared to the same month last year, when agency
issuance was $61.169 billion
Year-to-date issuance amounted to $165.378 billion.
McLean, Va.-based Freddie saw fixed-rate issuance jump by a third from January to $28.804 billion. Last month’s activity brought Freddie’s year-to-date volume to $50.348 billion.
Fannie’s February volume of $32.649 billion fell short of the previous month by 3 percent. Since the beginning of 2015, the Washington-based company’s fixed-rate issuance amounted to $66.309 billion.
Over at
government-owned Ginnie Mae, MBS issuance was down 11 percent from January. During the two months ended Feb. 28, Ginnie’s issuance amounted to $48.721 billion.
A year-over-year comparison reveals that Freddie saw a 72 percent increase from February 2014, while the rise at Fannie was 28 percent, and Ginnie expanded 21 percent.
