A drop in securitizations at the Federal Home Loan Mortgage Corp. pulled agency issuance down on a month-over-month and year-over-year basis.
March 2017 finished with $90.942 billion in fixed-rate mortgage-backed securities issued on behalf of Fannie Mae, Freddie Mac and Ginnie Mae.
Volume retreated from the previous month, when agency issuance came to $94.316 billion. It was also lower than $96.848 billion a year previous.
Source: Mortgage Daily