Volume 14 - Number 2
January 24, 2014
Downloads Available: GSE MBS Monthly Trends Dec. 2013
Fannie, Freddie Steady Refi Decline Contributes to MBS Drop in 2013
A steady decline in GSE refinances throughout 2013 coupled with faltering purchase mortgage activity during the final third of the year helped contribute to an overall dip in the volume of single-family mortgages securitized by Fannie Mae and Freddie Mac both on a month-to-month and year-end basis, according to a new Inside The GSEs analysis. Fannie and Freddie issued $55.8 billion in single-family mortgage-backed securities in December, a 4.9 percent decline from November.
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