Despite an increase in securitizations at Fannie Mae, overall issuance of agency mortgage-backed securities fell in the final month of 2017. Annual activity also eased.
Between Fannie, Freddie Mac and Ginnie Mae, there were $107.220 billion in fixed-rate MBS issued during December. That was a 6 percent decline from the preceding month.
The drop was far month substantial compared to the final month of 2016, when $156.750 billion in MBS were issued on behalf of the trio of housing finance agencies.
Source: Mortgage Daily