The Federal National Mortgage Association led a decline in monthly agency issuance, while the Government National Mortgage Association was out front of a year-over-year rise.
Issuance of fixed-rate mortgage-backed securities backed by Fannie Mae, the Federal Home Loan Mortgage Corp. and Ginnie Mae worked out to $102.429 billion during October.
Securitization activity slowed compared to one month earlier, when $108.180 billion in fixed-rate MBS issuance was generated on behalf of the trio of housing finance agencies.
The statistics were delivered by eMBS to Mortgage Daily.
But issuers of the three government-controlled companies’ MBS stepped up activity versus the same month last year, when fixed-rate issuance came in at $87.698 billion.
Fixed-rate agency issuance totaled $1.0424 trillion from Jan. 1, 2015, through Oct. 31.
A nine percent decline from September 2015 left last month’s fixed-rate MBS issuance at $38.678 billion for Fannie Mae.
Volume at the Washington-based entity, however, was up eight percent on a year-over-year basis.
During the first ten months of 2015, $0.3985 trillion in Fannie MBS have been issued.
A four percent drop from the previous month left Freddie Mac issuance at $26.557 billion in October. Freddie’s issuance, though, was 12 percent more than in October 2014.
Year-to-date Oct. 31, 2015, fixed-rate MBS issuance at McLean, Virginia-based Freddie came to $0.2888 trillion.
Ginnie had the smallest decline from September at just two percent, leaving last month’s fixed-rate MBS issuance at $37.194 billion.
But government-owned Ginnie saw issuance of its MBS climb by nearly a third from October 2014 — the biggest improvement of the three agencies.
In the 10 months ended Oct. 31, 2015, Ginnie’s issuance amounted to $0.3551 trillion.
