A monthly increase in securitizations at the Government National Mortgage Association more than offset a decline at its government-controlled counterparts.
Between Fannie Mae, Freddie Mac and Ginnie Mae, the issuance of fixed-rate mortgage-backed securities came in at $87.892 billion during October, according to data provided by eMBS.
Last month’s activity was the strongest since October of last year, when the trio of companies generated $89.375 billion in issuances.
Agency issuance was up 1 percent from September.
During the 10 months ended Oct. 31, there were $717.061 billion in agency loans securitized.
Last month’s bump in activity was the result of fixed-rated issuance at Ginnie, where volume grew to $28.103 billion from $25.940 billion a month earlier. Ginnie also lifted issuances from $24.927 billion a year earlier.
Year-to-date Oct. 31, the government-owned corporation’s issuances totaled $229.284 billion.
Washington-based Fannie saw fixed-rate issuance fall 1 percent from the previous month to $36.088 billion. Securitizations tumbled 19 percent from October 2013.
Fannie’s total for the nine months ended last month was $289.789 billion.
Issuances fell 3 percent from September to $23.701 at Freddie, though business was up 19 percent on a year-over-year basis.
From Jan. 1 through Oct. 31, McLean, Va.-based Freddie’s business amounted to $197.978 billion.
