Issuance of mortgage-backed securities at the Federal National Mortgage Association soared last month, driving up overall agency issuance.
Fixed-rate MBS issued on behalf of Fannie Mae, Freddie Mac and Ginnie Mae came to $156.852 billion during the final month of 2016.
Agency securitizations leapt from November, when the total was $132.813 billion, and skyrocketed from $87.273 billion in December 2015.
Source: Mortgage Daily
