While issuance picked up at the Federal National Mortgage Association, volume eased at the Government National Mortgage Association and sank at the Federal Home Loan Mortgage Corp.
Fixed-rate issuance at all three agencies fell to $89.4 billion during March from February’s $99.4 billion in activity, according to data released by eMBS. Issuance was higher, however, than $84.2 billion during March 2010.
Year-to-date through March 31, agency issuance amounted to $311.7 billion.
At just Fannie Mae, fixed-rate issuance rose to $49.0 billion from February’s $46.3 billion and March 2010’s $34.0 billion. Fannie’s year-to-date issuances totaled $156.5 billion.
A small declined was reported for Ginnie Mae, where volume fell to $19.0 billion from $20.5 billion a month earlier and a year earlier.
But the story was not so good at McLean, Va.-based Freddie Mac.
Issuances at the secondary lender tumbled to $21.3 billion from February’s $32.5 billion and were also worse than $29.7 billion in March of last year. This year’s business at Freddie totals $88.7 billion so far.
