After falling to a two-year low, securitizations of agency mortgages increased last month. The Federal Home Loan Mortgage Corp. the was out front of the gain — rising to the highest level since last year.
Between Freddie Mac, Fannie Mae and Ginnie Mae, issuance of fixed-rate mortgage-backed securities worked out to $91.400 billion during April.
Agency issuance strengthened by a 10th from one month previous — when securitizations tumbled to the lowest volume since February 2016.
Source: Mortgage Daily