A jump in mortgage securitizations at the Government National Mortgage Association led a month-over-month improvement in overall agency issuance last month.
Between Fannie Mae, Freddie Mac and Ginnie Mae, issuance of fixed-rate mortgage-backed securities worked out to $106.390 billion for the month of April.
Securitization volume at the trio of government-controlled housing financing agencies accelerated from the prior month, when MBS issuance came to $96.951 billion.
That was according to data provided by eMBS to Mortgage Daily.
Historical statistics indicate that it was the biggest month for agency issuance since
September 2015, when the total was $108.108 billion.
In April 2015, volume came to $116.235 billion.
During the first-four months of this year, agency MBS issuance amounted to $366.840 billion.
At Ginnie, securitizations accelerated 22 percent from March 2016 to $38.800 billion. Activity hasn’t been that strong for the Washington-based corporation since August 2015, when the total was $41.855 billion. Issuance of Ginnie Mae MBS was up 1 percent from April 2015.
Year-to-date issuance at government-owned Ginnie was $131.017 billion.
The Federal National Mortgage Association saw an 11 percent month-over-month gain, landing at $42.074 billion in April 2016. But Fannie’s activity slowed by 8 percent from a year earlier.
In the four months ended April 30, 2016, fixed-rate issuance at Washington-based Fannie was $141.629 billion.
The only decline between March and April of this year was at the Federal Home Loan Mortgage Corp.: 6 percent to $25.517 billion. Freddie also slowed from April 2015, by a fifth.
McLean, Virginia-based Freddie’s fixed-rate MBS issuance was $94.194 so far during 2016.
