Advanced Search

Volume 2014 - Number 9

March 7, 2014

Downloads Available: Agency MBS Trends by Month - February 2014

Downloads Available: Top Agency MBS Issuers - February 2014


Agency MBS Production Hits 9-Year Low in February, Year-to-Date Issuance Off Sharply

New production of single-family MBS by Fannie Mae, Freddie Mac and Ginnie Mae fell for the tenth consecutive month in February, hitting a low that hasn’t been seen since well before the financial crisis and housing recession. The three agencies produced just $64.34 billion in single-family MBS during February, a 6.1 percent drop from the previous month, according to a new Inside MBS & ABS ranking and analysis. That was the lowest monthly agency MBS issuance since March 2005, when new issuance totaled just $64.09 billion. In those days, non-agency MBS issuance substantially exceeded agency production, and a month’s worth of new jumbo, subprime and Alt A deals ($89.41 billion in March 2005) represented about three years of new issuance in today’s market. The first two months of 2014 generated...[Includes two data charts]

Subscribers to Inside MBS & ABS have full access to all its stories and data online. Visitors may become subscribers for full access or may purchase individual articles and data.

Subscriber Log In

If you are a current subscriber or already purchased this article, please login below.

Forgot your password?

Already subscribe but haven't registered for all the benefits of the website?

Subscribe

This weekly covers the secondary mortgage market, including mortgage-backed securities and asset-backed securities.

 

Pay-Per-View

You can purchase this article for $430.00 without subscribing and always have access to it on insidemortgagefinance.com.

Pay Per View

Please contact Customer Service if you need assistance: 1-800-570-5744

Poll

After the November elections, how long will it take for a new Congress and White House to pass GSE reform legislation?

I’m confident a bill will be passed the first year.
2 to 3 years. GSE reform is complicated.
Sadly it won’t happen in a Clinton or Trump first term.
Not in my lifetime.

vote to see results
Housing Pulse