A drop in issuance at the Government National Mortgage Association last month was more than offset by a jump in activity at the Federal National Mortgage Association.
Including securitizations at Fannie Mae, the Federal Home Loan Mortgage Corp. and Ginnie Mae, issuance of fixed-rate mortgage-backed securities came to $108.180 billion during September.
The statistics were provided to Mortgage Daily by eMBS.
Issuance accelerated compared to the previous month, when volume totaled $105.578 billion.
An even bigger gain was made versus the same month last year, when MBS issuance added up to $86.888 billion.
From Jan. 1 through Sept. 30 of this year, securitizations of the three companies’ MBS amounted to $940.070 billion.
Leading last month’s increase was Fannie, where
fixed-rate issuance climbed 15 percent from August to $42.695 billion. Volume ascended 17 percent on a year-over-year basis.
Washington-based Fannie’s year-to-date issuance came to $359.860 billion.
Next was Freddie Mac, where MBS issuance during September 2015 was $27.561 billion. Securitizations at the McLean, Virginia-based company rose four percent from a month earlier and was 13 percent better than a year earlier.
During the first nine months of 2015, fixed-rate issuance at Freddie was $262.277 billion.
Government-owned Ginnie saw a nine percent decline from August to
$37.925 billion last month.
But the Washington-based corporation had the biggest year-over-year improvement: 46 percent.
In the nine months ended Sept. 30, 2015, Ginnie’s fixed-rate MBS issuance
was $317.933 billion.
