Low Mortgage Rates Fail to Spur Securitization Volume as October Issuance Hits 10-Month Low
November 6, 2009
Declining mortgage rates in recent months failed so far to ignite a surge in mortgage securitization activity, although primary market lenders say an increase in application volume points to increased volume in the months ahead. Fannie Mae, Freddie Mac and Ginnie Mae issued a total of $100.21 billion of single-family MBS during October, a 23.1 percent decline from September’s level...