A month-over-month surge in the issuance of Freddie Mac mortgage-backed securities wasn’t enough to offset deterioration at its agency counterparts.
Issuance of Fannie Mae, Freddie Mac and Ginnie Mae fixed-rate MBS came to $110.907 billion during October, slipping from $110.940 billion the prior month.
The trio of federal housing finance agencies saw their collective loan securitizations
sink compared to October of last year, when issuance was a downwardly revised $144.396 billion.
eMBS provided the data to Mortgage Daily.
From Jan. 1, 2017, through Oct. 31, issuance of Fannie, Freddie and Ginnie MBS summed up to $1.0544 trillion.
Fixed-rate securitizations on behalf of the Federal National Mortgage Association made up $40.222 billion of last month’s activity, slowing 11 percent from the preceding month and plunging 37 percent from a year prior.
Washington-based Fannie’s year-to-date volume was $417.033 billion.
A 5 percent decline from September left Washington-based Ginnie Mae’s fixed-rate issuance at $36.675 billion. The government-owned corporation’s business tumbled 21 percent from the same month last year.
So far this year, $367.656 billion in MBS has been issued on behalf of the Government National Mortgage Association.
At the Federal Home Loan Mortgage Corporation, however, the month-over-month change was far more favorable, leaping a quarter from September to $34.011 billion. Fixed-rate issuance at the McLean, Virginia-based organization
slipped just 2 percent from October 2016.
Freddie’s issuance during the 10 months ended Oct. 31, 2017, amounted to $269.757 billion.
