For the second month in a row, agency issuance soared to the highest level in three years. This time it was the Federal National Mortgage Association that led the gain.
During the month of August, fixed-rate mortgage backed securities that were issued on behalf of Fannie Mae, Freddie Mac and Ginnie Mae came in at $135.436 billion.
Based on historical data, the last time that MBS issuance for the three government-controlled firms was this high was in July 2013, when the total was $139.366 billion.
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From:: Financing