Agency MBS Production Soars in February As Fannie and Freddie Ramp Up Issuance
March 13, 2009
Agency MBS production jumped 58 percent in February as the refinance boom that began with a sharp drop in mortgage rates several months ago began to land in the secondary market. According to the Inside Mortgage Finance MBS Database, $102.3 billion of new mortgage-securities were issued during February, a huge rebound from the dismal $64.7 billion issued... [Includes one chart and two graphs]