After soaring in the final month of last year, securitizations at Fannie Mae sank in the first month of this year — leading overall agency issuance lower.

January 2017 saw $131.788 billion in fixed-rate mortgage-backed securities that were issued on behalf of Fannie, Freddie Mac and Ginnie Mae.

Activity retreated from the previous month, when aggregate loan securitizations at the trio of government-controlled entities came to $156.852 billion.

Source: Mortgage Daily