With the Federal National Mortgage Association leading the way, agency mortgage securitizations climbed to the highest level in seven months.

Issuance of fixed-rate mortgage-backed securities on behalf of Fannie Mae, Freddie Mac and Ginnie Mae amounted to $116.412 billion in August.

That was the strongest month since January, when total securitizations on behalf of the trio of government-controlled companies came to $131.706 billion.

Source: Mortgage Daily