A retreat from a month earlier in the securitization of agency home loans was eclipsed by a tumble compared to the monthly issuance of a year earlier.
September saw $110.940 billion in fixed-rate mortgage-backed securities that were issued on behalf of Fannie Mae, Freddie Mac and Ginnie Mae.
Securitizations dipped from August, when agency MBS issuance amounted to $116.412 billion. An even bigger drop was recorded versus $157.645 billion in September 2016.
Source: Mortgage Daily