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Home » Agency-Backed CMO Production Slumped in 2Q17; Wells Fargo Leads in Underwriting Race
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Agency-Backed CMO Production Slumped in 2Q17; Wells Fargo Leads in Underwriting Race

August 25, 2017
Fannie Mae, Freddie Mac and Ginnie Mae issued a combined $41.95 billion of collateralized mortgage obligations backed by single-family MBS during the second quarter, according to an analysis and ranking by Inside MBS & ABS. Agency CMO issuance was down 17.2 percent from the first three months of the year, with Freddie taking the biggest hit – a 30.9 percent drop in production. Ginnie had the smallest quarterly decline, 5.1 percent. On a year-to-date basis, all three agencies are...[Includes one data table]
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