Agency MBS Production Tumbled in October, Falling Below $100 Billion Monthly Volume
November 8, 2013
Further declines in refinance activity and some softening in home-purchase lending pushed agency single-family MBS production down to just $93.57 billion in October, according to a new ranking and analysis by Inside MBS & ABS. October was the first month since September 2011 that agency MBS issuance fell below the $100 billion mark. Production last month was down 12.3 percent from September, and it represented the sixth consecutive monthly decline. There was...[Includes two data charts]