An increase in monthly mortgage securitizations at Ginnie Mae was enough to offset declines at both Fannie Mae and Freddie Mac.
The trio of government-controlled entities collectively generated $91.308 billion in fixed-rate mortgage-backed securities issuance during April
Securitizations were hardly changed from the previous month, when agency MBS issuance worked out to $90.942 billion.
Activity was reduced from
$106.386 billion in April 2016.
Based on historical data from
eMBS, which provided the numbers to Mortgage Daily, fixed-rate agency issuance amounted to $408.207 billion during the four months ended April 30, 2017.
At the Government National Mortgage Association, fixed-rate MBS issuance totaled $35.070 billion last month, climbing 16 percent from March 2017 but off 10 percent from April 2016.
Year-to-date issuance at Washington-based Ginnie came to $138.783 billion.
A 4 percent month-over-month decline at the Federal National Mortgage Association left April 2017 securitizations at $35.882 billion. Issuance at the Washington-based organization was down 15 percent from the same month last year.
From Jan. 1, 2017, through April 30, Fannie’s fixed-rate issuance totaled $161.228 billion.
The biggest decline from March 2017 was at the Federal Home Loan Mortgage Corp., where fixed-rate issuance tumbled 13 percent to $20.356 billion. Volume at McLean, Virginia-based Freddie sank 20 percent from April of last year.
Freddie’s issuance during the first-four months of this year came to $108.195 billion.