After leading agency issuance higher for two consecutive months, Fannie Mae was out front of a decline in securitizations last month. The spread between Freddie Mac’s and Ginnie Mae’s volume has been slashed from recent highs.

Between the trio of government-controlled or owned organizations, issuance of fixed-rate mortgage-backed securities preliminarily came to $101.915 billion during September.

Securitizations declined from $114.650 billion the prior month. Activity also receded from $110.933 billion the same month last year. Year-to-date MBS issuance stands at $877.242 billion.

Source: Mortgage Daily