A month-over-month surge in the issuance of Freddie Mac mortgage-backed securities wasn’t enough to offset deterioration at its agency counterparts.
Issuance of Fannie Mae, Freddie Mac and Ginnie Mae fixed-rate MBS came to $110.907 billion during October, slipping from $110.940 billion the prior month.
The trio of federal housing finance agencies saw their collective loan securitizations sink compared to October of last year, when issuance was a downwardly revised $144.396 billion.
Source: Mortgage Daily
