3 reasons why California housing is about to go bust

Here's where expert economists think housing is going

Where will we be in 2019?

Washington is protecting buyers right out of homeownership

BPC Housing Commissioner: Give borrowers a chance to fail
W S
Investments / The Ticker

RBS: Agency MBS issuance rises 22% in January

/ Print / Reprints /
| Share More
/ Text Size+

Agency mortgage-backed securities gross issuance rose to $161 billion in January, up 22% from $132 billion a month earlier, the Royal Bank of Scotland (RBS) noted in its issuance report.

Freddie Mac issuance was up to $40 billion, or 54%, for the month, compared to $26 billion last month. 

Similarly, Fannie Mae issuance increased to $84 billion, or 28%, up from $66 billion.

Additionally, Ginnie Mae issuance posted a slight decline, falling to $37 million, or 8%, from $40 billion.

Net issuance also was up month-over-month, rising to $17.5 billion.

Approximately 98% of total gross issuance was concentrated in coupon 4s or lower.

Across the coupon stack, 3s through 3.5 coupons accounted for 63% of originations, while 3.5s through 4s make up 17%. Additionally, sub-3s  accounted for 18%. 

Recent Articles by HousingWire Staff

Comments powered by Disqus