Tuesday, December 22, 2020 1:23:05 PM
December 22, 2020John Bancroft - jbancroft@imfpubs.com
Fannie Mae, Freddie Mac and Ginnie Mae issued record volumes of single-family MBS over the past two quarters, and there’s been no shortage of investors for the growing supply.
Outstanding agency single-family MBS rose to $7.290 trillion during the third quarter, a healthy 2.5% net increase for a market that’s seen heavy runoff from unprecedented refinance activity.
Over the past year, the agency MBS market grew by 7.0%, which was double the 3.5% increase in total 1-4 family mortgage debt outstanding.
The two government-sponsored enterprises have been leading the charge. The combined market for Fannie and Freddie single-family MBS grew 3.7% in the third quarter and a hefty 9.5% over the past year.
Meanwhile, things have significantly cooled off at Ginnie. For more details and exclusive agency MBS tables, see the new edition of Inside MBS & ABS, now available online.
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