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Thursday, January 05, 2017 12:59:22 PM
By John Bancroft
jbancroft@imfpubs.com
Mortgage lenders delivered a hefty $299.25 billion of single-family home loans into the mortgage-backed securities platforms at Fannie Mae and Freddie Mac during the fourth quarter of 2016, according to a new Inside Mortgage Finance analysis and ranking.
Production in the final three months of 2016 was up just 5.7 percent from the third quarter at the two government-sponsored enterprises. But it was the biggest output since the second quarter of 2013, when the mortgage market was wrapping up a 12-month binge of activity with $337.74 billion in Fannie/Freddie MBS issuance.
The strong finish – GSE business was up in each quarter of 2016 – put total production at $973.72 billion, an 18.1 percent increase from the previous year. That also marked three consecutive annual gains, while still falling short of 2012 and 2013, when volume topped $1 trillion.
In terms of volume, Fannie had a better year than Freddie. For full details and exclusive tables, see the new edition of Inside Mortgage Finance.
$FMCC
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