A nice bump in monthly mortgage securitizations at the Federal Home Loan Mortgage Corp. pushed overall agency issuance to the highest level in 10 months.
Between Freddie Mac, Fannie Mae and Ginnie Mae, there were $112.235 billion in fixed-rate mortgage-backed securities that were issued during May.
MBS issuance at the trio of government-controlled organizations increased from $106.390 billion
in securitizations the previous month to the most since July 2015.
That is according to data provided to Mortgage Daily by eMBS.
Agency issuance was also higher than in May 2015, a month that saw $109.289 billion in activity.
For the first-five months of this year, fixed-rate MBS issuance at Fannie, Freddie and Ginnie amounted to a collective $478.972 billion.
At McLean, Virginia-based Freddie, fixed-rate issuance climbed 15 percent from April 2016 to $29.324 billion. MBS issuance was down, however, 6 percent from May 2015.
From Jan. 1 through May 31 of this year, $123.435 billion in MBS was issued on behalf of Freddie.
A 4 percent month-over-month increase at the Government National Mortgage Association put May 2016’s fixed-rate MBS issuance at $40.243 billion. The Washington-based corporation saw a 6 percent year-over-year gain.
Issuers of government-owned Ginnie’s MBS have securitized $171.259 billion in the five months ended May 31.
At the Federal National Mortgage Association, fixed-rate MBS issuance ascended just 1 percent from April to $42.668 billion. A year-over-year increase of 6 percent was recorded.
Year-to-date May 31, 2016, issuance at Washington-based Fannie worked out to $184.278 billion.
