Monthly securitizations of single-family loans backed by the agencies moved up from a month earlier but retreated compared to a year earlier.
Between Fannie Mae, Freddie Mac and Ginnie Mae, $94.344 billion in fixed-rate mortgage-backed securities were issued during May.
Agency issuance ascended 3 percent from the preceding month and brought year-to-date securitization volume to $502.523 billion.
Monthly activity has retreated, though, 16 percent from the same month last year.
eMBS provided the data to Mortgage Daily.
The month-over-month gain was led by the Federal National Mortgage Association, where fixed-rate issuance was $37.936 billion. Activity increased 6 percent from April but was down 11 percent from May 2016.
Washington-based Fannie’s year-to-date issuance came to $199.156 billion.
A 5 percent rise from a month earlier left the Federal Home Loan Mortgage Corp.’s issuance at $21.369 billion. But the McLean, Virginia-based organization had a stinging 27 percent year-over-year decline.
Freddie’s fixed-rate issuance during the first-five months of this year amounted to $129.547 billion.
With $35.039 billion in fixed-rate MBS issuance during May, Ginnie’s securitizations were virtually unchanged from the previous month and 16 percent less than the same month last year.
From Jan. 1, 2017, through May 31, issuance of Government National Mortgage Association MBS worked out to $173.821 billion.
