Agency MBS Production Up Again in October for Third Month in a Row But Still Not at Full Speed
November 4, 2011
Agency residential MBS production bounced higher again in October, but the latest refinance boom if it even qualifies as one is still well short of the last cyclical high in late 2010. A new Inside MBS & ABS ranking and analysis reveals that $103.03 billion of agency single-family MBS were issued last month, a 7.0 percent gain from September. And October marked the third straight monthly increase after the agency MBS market hit a 30-month low back in July. Production in October still trailed the levels generated in the first two months of 2011, when the previous refi boom was...(Includes one graph and one data chart)