A dip in monthly securitizations at the Federal National Mortgage Association was more than offset by an increase in activity at both of its two housing finance counterparts.

Between Fannie Mae, the Federal Home Loan Mortgage Corp. and the Government National Mortgage Association, there were $99.571 billion in fixed-rate mortgage backed securities issued during June.

Combined MBS issuance improved by nearly 3 percent compared to the preceding month. But volume has moved lower by 6 percent versus the same month last year.

Source: Mortgage Daily