Securitizations of residential loans that are backed by the Federal National Mortgage Association soared to a 19-month high, leading overall agency issuance higher.

Issuance of fixed-rate mortgage-backed securities on behalf of Fannie Mae, the Federal Home Loan Mortgage Corp. and the Government National Mortgage Association totaled $114,650 billion in August.

Agency securitizations leapt from $99.562 billion one month previous. But a slight deceleration was recorded versus a downwardly revised $116.379 billion twelve months previous.

Source: Mortgage Daily