Agency MBS Market Cools for Second Consecutive Month as Mortgage Refinance Volume Eases
September 11, 2009
New issuance of agency MBS fell by 10.2 percent in August as the securitization surge from heavy mortgage refinance activity earlier this year continued to lose momentum. A total of $150.45 billion of new agency MBS were issued last month, the lowest level since April. That raised year-to-date volume to $1.247 trillion, up 43.8 percent from the first... [Includes one chart and one graph]